Debt Payoff Calculator
Create a strategic plan to pay off your debts faster using avalanche or snowball methods
What is this?
A debt payoff calculator helps you create a strategic plan to eliminate debt using either the avalanche method (highest interest first) or snowball method (lowest balance first).
Why do I need it?
Having a debt payoff strategy can save thousands in interest payments and help you become debt-free faster. It provides motivation and a clear roadmap to financial freedom.
When should I use it?
Use this calculator when you have multiple debts, want to accelerate debt payoff, or need to compare different payoff strategies to find the most effective approach.
Your Debts
Enter details for each debt you want to pay off
Extra Payment
Additional amount you can pay toward debt each month
Payoff Strategy
Choose your preferred debt elimination method