Debt Payoff Calculator

Debt Payoff Calculator

Compare snowball vs. avalanche methods to find your fastest path to debt freedom

Enter Your Debts

Payment Strategy

How to Use This Calculator

  • Start by entering each of your debts — include a name, balance, interest rate, and minimum monthly payment.
  • Use the Add Another Debt button to include as many debts as you need.
  • Select your payoff strategy: Snowball (smallest balance first) or Avalanche (highest interest rate first).
  • Optionally, enter any extra monthly payment amount you can put toward debt reduction.
  • Click Calculate Payoff Plan to view your debt-free date and total interest paid under both methods.
  • Use the tabs to switch between the detailed payoff schedule for each strategy.