Freedom is closer than you think.
The journey toward financial freedom goes beyond saving more. It's having the power to be in control - and staying in control - with a confident plan to destroy debt.
Eliminate debt… and never look back.
MILESTONE
You’ve paid off your unsecured debt, like credit cards, consolidation loans and student loans.
Start with the smallest balance first. You’ll soon get a taste for what financial freedom feels like with every balance you destroy on your list.
Make a plan
to continue on your journey.
Use our calculator to help you get started and see how quickly you can gain momentum to pay off all of your debts once and for all.
Debt Snowball Calculator
This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations, and financial situation. The calculations provided should not be construed as financial, legal, or tax advice. In addition, such information should not be relied upon as the only source of information.
MILESTONE
You don’t have a car or lease payment anymore.
Looking to buy?
We recommend a shorter-term loan like 36 or 48 months.
Pair that with a slightly used car, not only will you save on interest you’ll eliminate a car payment completely faster.
Already have a car payment?
Refinancing to a shorter term.
Not only will you pay of the loan faster, you’ll save hundreds – possibly thousands – in interest.
MILESTONE
You have paid off your house.
Imagine owning your home free and clear! Here are tools you can use to pay down your mortgage faster:
15-year mortgage
By selecting a shorter term mortgage, or refinancing to a shorter term, you can save yourself a tremendous amount of money over the life of the loan. The longer the term, the more you will pay in interest charges.
Pair a low rate with a shorter mortgage term like 15 years, and you’ll save thousands of dollars – and eliminate your debt faster.
| Term | 30-Year | 15-Year |
|---|---|---|
| APR | 7.000% | 6.375% |
| Payment | $1,663.26 | $2,160.63 |
| Interest | $348,772 | $138,913 |
A 15-year mortgage could save you | ||
APR = Annual Percentage Rate. | ||
Accelerate your path to financial freedom.
Pay down your auto loan faster and save more in interest by making Freedom Payments toward your principal balance.
Bi-weekly payments
Making bi-weekly payments, paying half of your monthly payment once every two weeks instead of monthly, is an easy way to pay down your mortgage faster. Doing so will result in an extra payment each year, reducing the overall term of your mortgage and saving you tens of thousands in interest charges.
Explore further.
