🎯 Debt Payoff Calculator
A debt payoff calculator compares the snowball method (pay smallest balance first for quick wins) vs the avalanche method (pay highest interest rate first to minimize total interest). Enter your debts and extra monthly payment to see your debt-free date and total interest paid.
Payoff time
3y 5m
Total interest
$3,134.34
Total paid
$18,134.34
Total debt balance declining over time
Payoff order (avalanche)
- 1Credit Card
- 2Personal Loan
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Frequently asked questions
Which is better: debt snowball or avalanche?▾
How much extra should I pay toward debt?▾
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Disclaimer: This calculator is for informational and educational purposes only. Results are estimates and not financial advice. Consult a licensed financial advisor before making financial decisions.