Debt Payoff Calculator
Enter your balances, interest rates, and monthly payments — see exactly when you'll be debt-free and how much interest you'll save.
Your Debts
Extra monthly payment
Any amount above your minimums you can throw at debt each month. Snowball and avalanche use this.
Your Results
Total budget: $670/moMinimum Payments
Pay only the required minimum each month. No extra.
Time to Payoff
4 yrs 6 mo
Debt-Free Date
December 2030
Total Interest
$4,495
Payoff timeline
Debt Snowball
Smallest balance first — early wins build the habit that keeps you going.
Time to Payoff
2 yrs 5 mo
2 yrs 1 mo soonerDebt-Free Date
November 2028
Total Interest
$2,067
Saved vs Minimums
$2,428
First debt gone in 1 yr 5 mo
Your first psychological win
vs baseline above
Debt Avalanche
Highest interest rate first — mathematically minimizes what you pay.
Time to Payoff
2 yrs 5 mo
2 yrs 1 mo soonerDebt-Free Date
November 2028
Total Interest
$2,067
Saved vs Minimums
$2,428
vs baseline above
Results are estimates for educational purposes. Actual payoff times may vary based on your loan terms, fees, and payment timing.
Disclaimer: This calculator is provided for educational and informational purposes only and produces estimates based on the figures you enter. It assumes fixed interest rates and payments and does not account for fees, rate changes, or other terms specific to your accounts. It does not constitute financial, investment, tax, or legal advice. Consult a qualified professional before making financial decisions. See our full disclaimer.
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All Free Resources
Calculators, templates, guides, and checklists — all free.
Want a real plan?
Turn These Numbers Into a Game Plan
A calculator shows the math. Compound builds the habit — track every dollar, watch your payoff plan progress in real time, and see exactly what your debt is costing you each year.