Debt Payoff Calculator

Enter your debt information below to compare payoff strategies

Your Debts

Lump Sum Payment (Optional)

Extra Payment Amount (bonus, inheritance, etc.)

$

When to Apply

Apply Lump Sum to Methods: (Standard method ignores lump sum payments)

Snowball Method - Apply to smallest balance first

Avalanche Method - Apply to highest interest first

Standard Method - No lump sum (minimum payments only)

Payment Start Date

Month of First Payment (for report display)

Tips for Accuracy

Use exact balances from your most recent statements
Enter APR rates as shown on your statements (e.g., 18.99)
Include all minimum payments you're currently making
Add all debts including credit cards, loans, and lines of credit

Your Debt Payoff Strategies

Compare the three methods and choose the one that works best for you

Standard Method

Minimum payments only

$0

Total Interest

0 months

Payoff Time

$0

Total Paid

Snowball Method

Smallest balance first

$0

Total Interest

0 months

Payoff Time

$0

Total Paid

Save $0

Avalanche Method

Highest interest first

$0

Total Interest

0 months

Payoff Time

$0

Total Paid

Save $0

Interest Comparison

Payoff Time Comparison

Get Your Detailed Report

Your Name (Optional)

Email Address (Optional)