Debt Payoff Calculator

Strategize your path to becoming debt-free.

This tool helps you create a customized plan to pay off your debts. You can compare two popular strategies: the Avalanche method (paying off the highest-interest debt first to save the most money on interest) and the Snowball method (paying off the smallest-balance debt first to build momentum and motivation).

Enter all your debts, add any extra amount you can pay each month, and see how much faster you can become debt-free and how much interest you'll save.

Your Debts

List all your current debts below.

Debt #1

Name

Balance ($)

APR (%)

Min. Payment ($)

Debt #2

Name

Balance ($)

APR (%)

Min. Payment ($)

Debt #3

Name

Balance ($)

APR (%)

Min. Payment ($)

Payoff Strategy

Choose your method and any extra monthly payment.

Strategy

Extra Monthly Payment ($)

Results

Your debt-free projection.

Your results will appear here.