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Debt Payoff Calculator

Create a personalized debt payoff plan using the avalanche or snowball method. Currently calculating in US Dollar.

Your Debts
Add all your debts to create a payoff plan
Total Debt$18,000
Monthly Payment$690

Debt-Free In

39 mo

~4 years

Total Interest

$4,272

Interest Saved

$3,093

vs minimum only

Time Saved

19 mo

vs minimum only

Debt Payoff Timeline
Watch your debt decrease as you make payments
Debt Breakdown
Principal and estimated interest by debt
Recommended Payoff Order (Avalanche)
Pay off highest interest rate debts first to save the most money
1

Credit Card 2

Balance: $3,000Rate: 24.99%

Min Payment

$90

2

Credit Card 1

Balance: $5,000Rate: 19.99%

Min Payment

$150

3

Personal Loan

Balance: $10,000Rate: 12%

Min Payment

$250

Debt Payoff Tips

  • Avalanche method saves the most money in interest but requires discipline
  • Snowball method provides psychological wins that keep you motivated
  • Even small extra payments can significantly reduce your payoff time and interest
  • Consider balance transfer cards or debt consolidation for high-interest debt