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PayoffRentals.com

Compare strategies to pay off your rental properties faster and save thousands in interest

0 properties
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No properties added yet. Click "Add Property" or "Import Excel/CSV" to get started.

How to Use This Tool

Step 1: Add Your Properties

Click "+ Add Property" to enter properties one at a time, or click "Import Excel/CSV" to load them all from a spreadsheet. For each property, you need at minimum: Name, Current Balance, Interest Rate, and Monthly Payment. You can also enter rental income and expenses to track cash flow.

Step 2: Set Your Extra Payment

Go to the "Strategy" tab and enter how much extra money you can put toward mortgages each month (above and beyond your normal minimum payments). This is the money that accelerates your payoff.

Step 3: Run the Analysis

Click "Run Analysis" on the Strategy tab. The tool automatically tests all 7 payoff strategies and tells you which one pays off everything the fastest and saves the most interest. Results include charts, rankings, and month-by-month amortization schedules.

Importing Tips

The importer works with most spreadsheet formats. It auto-detects column headers and handles special layouts (like Robert's "Total Debt" spreadsheet). It skips paid-off properties, HOA rows, vehicles, and non-mortgage items automatically. Click "Download Template" to get a sample CSV you can fill in.

The 7 Strategies Explained:
Avalanche: Highest interest rate first (saves the most money)
Snowball: Smallest balance first (quick wins for motivation)
Highest Payment: Biggest monthly payment first (frees up cash flow fastest)
Shortest Term: Closest to payoff first (quick portfolio reduction)
Highest Cash Flow: Best-earning rental first (reinvest income sooner)
Even Spread: Extra split evenly across all mortgages
Custom Priority: You choose the payoff order

Extra Monthly Payment

Enter the total extra amount you can put toward mortgage payoff each month, above and beyond all minimum payments. If you entered rental income and expenses for your properties, the net cash flow is shown below as a reference.

Tip: You can use the "Use Cash Flow" button to set your extra payment to your total net cash flow.

Select Strategies to Compare

Choose one or more strategies. The results tab will compare them side by side.

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Run an analysis from the Strategy tab to see results here.

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Run an analysis first, then view detailed month-by-month schedules here.

Save & Load Your Data

Your data is automatically saved in this browser. You can also export to a file for backup or to use on another device.

Import from Excel or CSV

Import properties from a spreadsheet. Your file should have columns for the property details. The importer is flexible and will try to match common column names automatically.

Required columns: Property Name, Current Balance, Interest Rate, Monthly Payment
Optional columns: Property Value, Original Loan, Loan Term, Start Date, Rental Income, Expenses, Escrow

Clear All Data

This will remove all properties and settings. This cannot be undone.