Debt Payoff Calculator
Plan how to pay off debts and see how long it will take and what it costs.
A plan to get debt-free
Paying off debt is far easier with a concrete plan than a vague intention. This works out how long your debts will take to clear and the total interest, based on what you pay each month, so you can see a real path to being debt-free and how extra payments shorten it.
Enter your balances, rates and payments to see the payoff plan.
Two strategies, and the power of extra
For multiple debts, two well-known approaches order them differently. The avalanche method targets the highest interest rate first, which costs the least overall. The snowball method targets the smallest balance first, which is mathematically slightly worse but gives quick wins that keep people motivated — and motivation is what actually gets debts paid. The single most powerful lever is paying more than the minimum: because interest is charged on the balance, every extra amount reduces the balance all future interest is charged on, so even small additional payments cut both the time and the total cost surprisingly. Seeing that effect laid out is often the push that turns a plan into progress.
Common questions
What is the difference between avalanche and snowball?
Avalanche pays the highest-rate debt first, costing the least overall; snowball pays the smallest balance first for quick, motivating wins.
Why does paying more than the minimum help so much?
Interest is charged on the balance, so every extra payment shrinks the balance all future interest is charged on, cutting both time and total cost.
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