Debt Payoff Calculator

How to use it

List every debt with its balance, interest rate, and minimum payment, then decide how much extra you can throw at the problem each month. You keep paying minimums on everything and aim all your extra cash at a single target until it is gone, then roll that payment onto the next one. That rolling payment is why progress accelerates.

Which strategy wins

The avalanche (highest interest rate first) saves the most money and time mathematically. The snowball (smallest balance first) delivers quick wins that keep you motivated. The best one is the one you will actually finish, and we break down the full comparison in the debt payoff guide. Once the high interest debt is gone, point that same monthly payment at investing and let it compound in your favor instead.