Debt Payoff Calculator
See how fast you can be debt-free with the avalanche or snowball method, and how much interest an extra payment saves.
Cara menggunakan Debt Payoff
- 01
Add each debt with its balance, interest rate (APR) and minimum payment.
- 02
Enter any extra amount you can pay each month.
- 03
Pick the avalanche or snowball method and read your debt-free date.
- 04
Compare the two methods to see which saves more interest.
What this calculator does
This debt payoff calculator simulates paying off several debts month by month, so you can see a realistic debt-free date instead of guessing. Enter each balance, its interest rate and its minimum payment, add any extra you can afford, and it shows how long the plan takes, how much interest you pay, and the order your debts clear.
It runs entirely in your browser, so your figures are never uploaded, and you can compare the two most common strategies side by side.
Avalanche vs snowball
The debt avalanche method sends every spare euro or dollar to the debt with the highest interest rate first, then the next highest, and so on. Mathematically it clears your debt for the least interest and usually the fastest.
The debt snowball method instead attacks the smallest balance first. You pay more interest overall, but you clear whole debts quickly, and that visible progress is what keeps many people going. Neither is wrong: the best method is the one you will actually stick to.
Why the extra payment matters so much
On both methods you keep paying the minimum on every debt. The difference is where your extra payment goes, and what happens when a debt is cleared: its payment rolls onto the next debt on top of that debt's minimum. This rollover is why even a small extra amount snowballs into a much faster payoff, and the calculator shows exactly how many months and how much interest it saves.
When a debt will not clear
If a card's minimum payment is lower than the interest it charges each month, the balance grows no matter how long you pay, and the calculator flags this. The fix is to pay more than the monthly interest: raise the minimum, add an extra payment, or, outside this tool, look at a lower-rate balance transfer or consolidation. Treat the results as an estimate, not financial advice.
Pertanyaan yang sering diajukan
What is the difference between the avalanche and snowball methods?
The avalanche method puts your extra payment toward the debt with the highest interest rate first, which saves the most interest. The snowball method targets the smallest balance first, which clears individual debts faster and can be more motivating. Both pay the minimum on every other debt.
Which method should I choose?
The avalanche method costs less in interest and usually clears everything a little sooner. The snowball method gives you quick wins that help you stick with the plan. This calculator shows both so you can weigh the interest saved against the motivation.
What is the rollover?
When a debt is paid off, the money you were putting toward it is not spent elsewhere. It rolls onto the next target debt, on top of that debt's own minimum, so your progress accelerates as each debt clears.
Why does it say my debt never clears?
If a debt's minimum payment is smaller than the interest it accrues each month, the balance grows instead of shrinking. Add an extra payment or raise the minimum so your total monthly payment is more than the monthly interest.
Is my financial information uploaded?
No. The whole calculation runs in your browser. Your balances and rates are never sent to a server, and the share link only encodes the numbers into the URL if you choose to copy it.
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