Debt Payoff Calculator

List out what you owe, pick a strategy, and see exactly how long it'll take to be debt-free and how much interest you'll actually pay along the way.

Your debts
NameBalanceAPR %Min. payment
$
Strategy
0
until you're debt-free
$0
total interest paid
DebtBalancePaid Off In
This is an estimate based on the numbers you entered, assuming your interest rates stay fixed and you pay the same amount every month with no new charges added. It doesn't account for promotional 0% periods ending, rate changes, or fees. Use it to compare strategies and get a real ballpark, then check your actual statements for exact numbers.

Avalanche vs. snowball, in plain terms

Avalanche puts every extra dollar toward whichever debt has the highest interest rate, regardless of balance. Mathematically, it's always the cheaper and faster option overall, because you stop the most expensive debt from growing first.

Snowball puts every extra dollar toward whichever debt has the smallest balance, regardless of rate. It usually costs a bit more in total interest, but it clears out individual debts faster, which is the whole point for people who need the win to stay motivated. Neither one is wrong. The best strategy is the one you'll actually stick with.