Debt Payoff Calculator

See how fast you can become debt-free and how much interest you'll save using the avalanche or snowball method. Add your debts, set an extra monthly payment, and compare against paying minimums only. No signup required.

Strategy

Method

Extra monthly payment

Currency

2y 11m

Debt-free in 2y 11m · $3,666 interest

Balance over time

Your plan vs paying minimums only

Your plan

Minimums only

Your plan

Minimums only

Time to debt-free

2y 11m

Total interest

3.7K

Interest saved

3.4K

Total paid

25.7K

Payoff order

The order your debts get cleared

Credit card

Cleared in month 21

$1,262

Personal loan

Cleared in month 26

$718

Car loan

Cleared in month 35

$1,686

Your debts

NameBalanceAPR %Min. payment

2y 11m

Debt-free in 2y 11m · $3,666 interest

Balance over time

Your plan vs paying minimums only

Your plan

Minimums only

Your plan

Minimums only

Your debts

NameBalanceAPR %Min. payment

Strategy

Method

Extra monthly payment

Currency

Time to debt-free

2y 11m

Total interest

3.7K

Interest saved

3.4K

Total paid

25.7K

Payoff order

The order your debts get cleared

Credit card

Cleared in month 21

$1,262

Personal loan

Cleared in month 26

$718

Car loan

Cleared in month 35

$1,686

What it is

This calculator shows how fast you can clear your debts and how much interest you'll pay, using either the avalanche or snowball method — and how much you save by adding an extra monthly payment.

Add your debts, choose a method, and set the spare cash you can put toward debt each month.

How the math works

Avalanche: Pays minimums everywhere, then targets the highest-APR debt first. Lowest total interest.
Snowball: Targets the smallest balance first for quick wins that build momentum.
Rollover: When a debt clears, its payment rolls into the next focus debt, accelerating payoff.
Interest: Each month interest accrues on the remaining balance at APR ÷ 12, before payments apply.

Assumptions & caveats

APR is assumed fixed; promotional or variable rates aren't modelled.
Minimum payments are treated as fixed amounts, not a percentage of balance.
Extra payment and minimums stay constant each month until debt-free.
Fees, late charges, and rewards are not included.

Frequently asked questions

Avalanche saves the most money because it kills the highest interest rate first. Snowball clears small balances faster, which many people find more motivating. If you'll stick with it either way, choose avalanche.

Annual Percentage Rate — the yearly cost of borrowing. We divide it by 12 to apply monthly interest to your balance.

Generally, pay down high-interest debt (e.g. credit cards above ~8–10%) before investing, since the guaranteed 'return' from avoiding that interest is hard to beat.

If minimum payments don't cover the monthly interest, the balance grows forever. Increase your monthly payment until the calculator shows a payoff date.

Track your debts automatically

Connect your accounts and selfinance keeps your balances and payoff progress up to date.

Get started

Your complete financial picture, finally in one place

Join thousands who replaced their spreadsheet juggle and four-app routine with a single, automated view of their net worth, budget, and investments.

Cancel anytime

Sselfinance

Debt Payoff Calculator

Strategy

Method

Extra monthly payment

Currency

2y 11m

Debt-free in 2y 11m · $3,666 interest

Balance over time

Your plan vs paying minimums only

Your plan

Minimums only

Your plan

Minimums only

Time to debt-free

2y 11m

Total interest

3.7K

Interest saved

3.4K

Total paid

25.7K

Payoff order

The order your debts get cleared

Credit card

Cleared in month 21

$1,262

Personal loan

Cleared in month 26

$718

Car loan

Cleared in month 35

$1,686

Your debts

NameBalanceAPR %Min. payment

2y 11m

Debt-free in 2y 11m · $3,666 interest

Balance over time

Your plan vs paying minimums only

Your plan

Minimums only

Your plan

Minimums only

Your debts

NameBalanceAPR %Min. payment

Strategy

Method

Extra monthly payment

Currency

Time to debt-free

2y 11m

Total interest

3.7K

Interest saved

3.4K

Total paid

25.7K

Payoff order

The order your debts get cleared

Credit card

Cleared in month 21

$1,262

Personal loan

Cleared in month 26

$718

Car loan

Cleared in month 35

$1,686

What it is

Add your debts, choose a method, and set the spare cash you can put toward debt each month.

How the math works

Avalanche: Pays minimums everywhere, then targets the highest-APR debt first. Lowest total interest.
Snowball: Targets the smallest balance first for quick wins that build momentum.
Rollover: When a debt clears, its payment rolls into the next focus debt, accelerating payoff.
Interest: Each month interest accrues on the remaining balance at APR ÷ 12, before payments apply.

Assumptions & caveats

APR is assumed fixed; promotional or variable rates aren't modelled.
Minimum payments are treated as fixed amounts, not a percentage of balance.
Extra payment and minimums stay constant each month until debt-free.
Fees, late charges, and rewards are not included.

Frequently asked questions

Annual Percentage Rate — the yearly cost of borrowing. We divide it by 12 to apply monthly interest to your balance.

Generally, pay down high-interest debt (e.g. credit cards above ~8–10%) before investing, since the guaranteed 'return' from avoiding that interest is hard to beat.

If minimum payments don't cover the monthly interest, the balance grows forever. Increase your monthly payment until the calculator shows a payoff date.

Track your debts automatically

Connect your accounts and selfinance keeps your balances and payoff progress up to date.

Get started

Your complete financial picture, finally in one place

Join thousands who replaced their spreadsheet juggle and four-app routine with a single, automated view of their net worth, budget, and investments.

Cancel anytime

Debt Payoff Calculator

2y 11m

2y 11m

What it is

How the math works

Assumptions & caveats

Frequently asked questions

Is avalanche or snowball better?

What is APR?

Should I pay debt or invest?

What if my balances never clear?

Your complete financial picture, finally in one place

Debt Payoff Calculator

2y 11m

2y 11m

What it is

How the math works

Assumptions & caveats

Frequently asked questions

Is avalanche or snowball better?

What is APR?

Should I pay debt or invest?

What if my balances never clear?

Your complete financial picture, finally in one place