Debt Payoff Calculator
Enter your debts below and see how quickly you can pay them off using the snowball (smallest first) or avalanche (highest rate first) method. Even a small extra payment each month makes a dramatic difference.
Choose Your Strategy
Your Debts
Total: $15,700 • Minimums: $390/mo
Total monthly payment: $590
Debt-Free In
3 years
Total Interest
$3,106
Payoff Order
Personal Loan → Credit Card → Car Loan
This calculator assumes fixed minimum payments. Actual minimums may decrease as balances drop. Calculations are estimates for educational purposes only.
Which method should you use?
The avalanche method saves more money mathematically. But the snowball method works better psychologically for many people — the quick wins build momentum. The best method is the one you'll actually stick with.