Debt Payoff Calculator

Build a clear plan to become debt-free. Add your balances, minimum payments, and rates. Compare the avalanche and snowball strategies, then see how extra payments can change your payoff timeline and interest cost.

Calculations run in your browser. Enter all debts in the same currency. Currency selection formats amounts only and does not convert them.

Your debts

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Payoff strategy

#	Debt name	Remaining balance	Minimum monthly payment	Annual interest rate (%)

Extra payments

Extra amount each month

Extra amount each year

Applied in month 12 of each year.

One-time extra payment

Apply one-time payment in month

Keep my total debt payment fixed. When one debt is paid off, roll its minimum payment into the next debt, along with the extra payments.

Enter the actual minimum due for each debt. The calculator applies interest monthly before payments and caps payments at the remaining amount due.

Your payoff estimate

Estimated debt-free date—Add your debts and calculate.

Total interest with this plan—

Total paid—

Minimum payments per month—

Interest saved vs minimum-only plan—

Avalanche comparisonCalculate to compare.

Snowball comparisonCalculate to compare.

Suggested payoff order

Your debt payoff order will appear here.

The avalanche prioritizes higher rates. The snowball prioritizes smaller balances.

Monthly payoff schedule

See each month’s total payment, interest charge, remaining debt balance, and the debt paid off in that period.

Show schedule

Month	Total payment	Interest	Remaining balance	Debt paid off
Calculate to create your monthly schedule.

How to use this debt payoff calculator

Enter each debt’s current balance, required minimum payment, and annual interest rate. Choose the payoff method and add any extra monthly, yearly, or one-time amount. The calculator estimates the payoff order, total interest, and a month-by-month payment schedule.

What is the debt avalanche method?

The avalanche method directs extra payments to the debt with the highest interest rate after minimums are paid on all active debts. It can reduce interest charges when rates and balances stay as entered. If rates match, the larger balance is prioritized.

What is the debt snowball method?

The snowball method directs extra payments to the smallest remaining balance after minimums are paid. Paying an account off sooner can give a clear progress milestone. It may cost more interest than the avalanche method, depending on your rates and balances.

How does rolling minimum payments work?

When selected, the total planned debt payment remains fixed. Once a debt is paid, its former minimum payment is available to pay another debt, on top of any extra amount you entered. If unselected, freed minimum payments are not redirected.

What does the estimate leave out?

The estimate assumes fixed interest rates and regular monthly payments. It does not include new purchases, changing minimum-payment rules, fees, late charges, promotional rates, or lender-specific interest methods. Check creditor statements for actual amounts and payoff terms.