Debt Payoff Calculator
Compare strategies and find your path to financial freedom
Smart Debt Elimination
Compare debt avalanche, snowball, and minimum payment strategies to find the most effective approach for your situation. See potential interest savings and payoff timelines.
Multiple Strategies
Interest Savings
Payoff Timeline
$23,700
Total Debt Balance
$575
Monthly Minimums
3
Total Debts
Your Debts
This extra amount will be applied using your selected strategy
Payoff Strategy
Results Summary
Payoff Time
3 years, 4 months
Total Interest
$6,670
Total Paid
$30,370
Monthly Payment
$775
Strategy Tip
Focus extra payments on highest interest rate debt to minimize total interest paid.
Frequently Asked Questions
Ready to Eliminate Your Debt?
Use this calculator to create your personalized debt elimination plan and track your progress