💰 Debt Payoff Calculator

Calculate your debt payoff time and compare strategies

Compare debt snowball and avalanche methods to find the best strategy for you

Repayment Strategy

Debt Avalanche (Highest interest first - saves more money) Debt Snowball (Smallest balance first - psychological wins)

Your Debts

Extra Payments

Extra Monthly Payment

One-time Extra Payment

One-time Payment Month

Total Debt

Payoff Time

0 months

Total Interest

Total Paid

Strategy Comparison

Strategy	Payoff Time	Total Interest	Interest Saved

Debt Payoff Progress

Payment Schedule

Month	Debt	Payment	Interest	Principal	Remaining

Frequently Asked Questions

Disclaimer

This calculator is for educational and informational purposes only and does not constitute financial advice. Actual repayment times and interest costs may vary due to factors such as interest rate changes, fees, penalties, and other variables. Please consult with a qualified financial advisor before making important financial decisions. The calculation results are based on the information and assumptions provided and do not guarantee absolute accuracy.