Debt Payoff Calculator

List your debts, add what you can pay extra each month, and see when you'll be debt-free with the snowball method (smallest balance first) and the avalanche method (highest interest first), side by side.

Debt 1 balance $

APR %

Minimum payment $

Debt 2 balance $

APR %

Minimum payment $

Debt 3 balance $

APR %

Minimum payment $

Debt 4 balance $

APR %

Minimum payment $

Debt 5 balance $

APR %

Minimum payment $

Extra payment every month $

How it works

Each month, every debt grows by its interest (APR ÷ 12). You pay every minimum, then everything left over (your extra payment plus the minimums of debts already paid off) goes to the target debt: the smallest balance for snowball, the highest APR for avalanche. That roll-over is what makes both methods fast.

Snowball or avalanche?

Avalanche always costs the least interest. Snowball gives you quicker wins, which helps many people stick with it. The difference is often smaller than you'd think: try both above.

An estimate, not financial advice. Your lender's exact numbers may differ slightly.

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See the Debt Payoff Planner

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