Debt Payoff Calculator

Compare debt payoff strategies and see how extra payments can help you become debt-free faster.

Payoff Strategy

Choose Your Strategy

Debt Avalanche

Pay minimums on all debts, then put extra money toward the highest interest rate debt first. Saves the most money.

Debt Snowball

Pay minimums on all debts, then put extra money toward the smallest balance first. Provides psychological wins.

Extra Monthly Payment

Additional amount you can pay toward debt each month

Your Debts

Debt Name

Balance

Min Payment

Interest Rate (%)

Debt Name

Balance

Min Payment

Interest Rate (%)

Debt Name

Balance

Min Payment

Interest Rate (%)

Debt Avalanche Results

Debt Payoff Tips

Stop Adding Debt

Cut up credit cards or remove them from your wallet to avoid adding new debt while paying off existing balances.

Find Extra Money

Look for ways to increase income or reduce expenses to put more money toward debt payments.

Stay Motivated

Track your progress and celebrate milestones to stay motivated throughout your debt payoff journey.