Debt Payoff Calculator

Up to six debts: snowball vs. avalanche, payoff dates, total interest, and what +$25 to +$250 a month changes.

Two orders, one pot of money. Avalanche pays the highest interest rate first and costs the least in total interest. Snowball pays the smallest balance first, which costs a little more but closes accounts sooner, and some people keep going with it when they would have stopped otherwise.

Minimum payments are usually a percentage of the balance, so they shrink as the balance does. That is what makes minimum-only repayment so slow: the payment falls just as fast as the debt, and the finish line keeps moving.

Resultaten

Je resultaten verschijnen hier.

Typ je cijfers aan de linkerkant en druk op Berekenen. Niets wat je invult wordt opgeslagen.

Bekijk een uitgewerkt voorbeeld

Voorbeeldcijfers

Extra beyond minimums (monthly)$150

Voorbeeldresultaten

Total debt$9,600 3 debts · minimums $199/month · extra $150/month

Snowball (smallest balance first)2 years 9 months debt-free around July 2029 · total interest $1,771

Avalanche (highest rate first)2 years 9 months debt-free around July 2029 · total interest $1,663

At minimum payments alone, at least one balance never pays off; the rollover plan is the exit.

Avalanche saves $108 in interest; snowball clears 'Store card' first for the early win. The best method is the one you'll still run in month eight.

Extra beyond current (avalanche)	Time to debt-free	Total interest	Interest saved
+$25/month	2 years 6 months	$1,508	$155
+$50/month	2 years 4 months	$1,381	$281
+$100/month	2 years 1 month	$1,187	$476
+$250/month	1 year 6 months	$846	$817

Fixed total budget with rollover: as each debt dies, its payment joins the attack on the next.

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