💳
Debt Payoff Calculator
Plan your debt elimination strategy with avalanche or snowball methods and track your progress.
Your Debts
Payoff Strategy
Debt Summary
Total Debt
$5,000
Number of Debts
1
Total Minimum Payments
$100/month
Highest Interest Rate
18.99%
Debt-to-Income Ratio
2.0%✅ Good
Total Monthly Payment
$300
Your Payoff Plan
Payoff Time
20 months(1.7 years)
Total Interest Paid
$851
Total Amount Paid
$5,851
Savings with Extra Payment:
Interest Saved:
$4,127
Time Saved:
80 months (6.7 years)
Payoff Order (Avalanche):
1
Credit Card 1
$5,000 @ 18.99%
20 months
$851 interest
Strategy Comparison
Target Payoff Date
Debt Payoff Tips
- •Always pay at least the minimum on all debts to avoid fees and protect your credit
- •Consider balance transfer cards for high-interest credit card debt
- •Build a small emergency fund ($1000) before aggressive debt payoff
- •Automate extra payments to ensure consistency
- •Celebrate small wins - each paid-off debt is progress!
Professional Debt Payoff Calculator
Get accurate calculations with our comprehensive debt calculator. Designed for ease of use while providing detailed, professional-grade results.
Frequently Asked Questions
The debt avalanche method pays minimum on all debts, then attacks the highest interest rate first, saving the most money. The debt snowball pays off smallest balances first for psychological wins. Avalanche saves more money long-term, but snowball provides faster motivation through quick victories.
Instant Results
Real-time calculations
Mobile Friendly
Works on all devices
100% Private
No data stored