Debt Payoff Calculator
Send debt packing. Pick a payoff lane and see exactly when you are done.
Minimum payments are designed to keep you in debt as long as possible — that is how lenders make money. This calculator shows you the way out: enter each balance, its APR, and its minimum payment, then add any extra you can throw at the pile each month.
You will see two classic strategies race side by side. The snowball attacks the smallest balance first for quick wins that keep you motivated. The avalanche attacks the highest APR first, which usually costs less in interest. The calculator crowns a winner for your exact debts — no guessing.
Add a one-time windfall (tax refund, bonus, side-hustle payout) and watch your debt-free date jump closer. Every extra dollar has a job here: buying back months of your life.
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Debt payoff
Send debt packing. Pick a payoff lane and see exactly when you are done.
Your debts
Add each balance and its required payment.
Enter debts to compare your payoff paths.
Snowball · smallest first
Avalanche · highest APR first
Quick answers
Which is better: snowball or avalanche?
Avalanche usually saves more interest; snowball wins on motivation with quick payoffs. This calculator shows both side by side — pick the one you will actually stick with, because the best plan is the one you finish.
What if my minimum payment does not cover the interest?
The calculator will warn you. When payments do not cover monthly interest, the balance grows forever — you need a bigger payment, a lower rate, or a different strategy.
Should I include my mortgage?
Most people focus this tool on high-interest consumer debt like cards and personal loans, where the payoff race matters most. You can include anything, but mortgages play by different rules.
Is this financial advice?
No — these are educational estimates. Your card terms, rates, and fees decide the real numbers.