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Debt Payoff Calculator

Plan your debt-free timeline using the popular snowball or avalanche debt payoff strategies.

Your Debts

Debt #1: Credit Card A

Balance

Interest Rate (%)

Min Payment

Debt #2: Car Loan

Balance

Interest Rate (%)

Min Payment

Extra Monthly Payment

Payoff Strategy

Estimated Time to Debt-Free

0 months

(0.0 years)

Avalanche0 mos$0 interest

Snowball0 mos$0 interest

Mathematical Model FormulaComputes payoff timelines by ranking debts by interest rate (avalanche) or balance size (snowball).

Compare the debt snowball and debt avalanche methods to see when you will be debt-free.

Find out how long it will take to pay off your credit card balance and how much interest you will accrue.

Find your monthly personal loan payments and see a full interest payoff schedule.