Debt Payoff Calculator
List each debt's balance, APR, and minimum payment to see how long it takes to become debt-free. Compare the debt snowball (smallest balance first) and avalanche (highest interest rate first) side by side.
How to use this tool
- Debt listFor each balance, enter a name (optional), the current balance, APR, and minimum payment. Use Add another debt to include every loan or card you plan to pay off.
- Extra monthly payment toward debtIf you can pay more than the required minimums, enter the extra cash available each month.
- Starting month (optional)Choose the month you expect to begin the payoff plan. Leave blank to start from the current month.
Select Compare snowball & avalanche to see payoff dates, total interest, and which strategy clears debts first. Reset clears all debts and settings.
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