finance

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

Live

Estimated Time to Debt-Free

0 months

(0.0 years)

Avalanche0 mos$0 interest

Snowball0 mos$0 interest

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.