Debt Payoff Calculator

How to use the Debt Payoff Calculator

1. 01
   List your debts. Add each debt's balance, APR, and minimum payment. Add or remove rows as needed.
2. 02
   Set an extra payment. Any amount above the minimums accelerates payoff.
3. 03
   Choose a strategy. Avalanche targets the highest APR; snowball targets the smallest balance.

How is it calculated?

Each month we add interest to every debt, pay the minimum on all of them, then funnel the leftover budget (freed-up minimums plus your extra) to one target debt — highest APR for avalanche, smallest balance for snowball — cascading to the next as each clears. The tool reports months to debt-free and total interest, and the interest saved versus minimums only.