Debt Payoff Calculator

Plan your journey to becoming debt-free

Your Debts

Name

Balance

Interest Rate

Min Payment

Payment Strategy

Avalanche – Highest interest first (saves more money)

Snowball – Smallest balance first (more quick wins)

Extra Payment

Amount above minimum payments to put toward debt each month

Your Debt Payoff Plan

Payoff Time

0 months

(0 years, 0 months)

Debt-free by January 2026

Total Interest

$0.00

(0% of total payments)

Total Payment

$0.00

Principal: $0.00

Month	Date	Payment	Interest	Principal	Remaining

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Tips for Faster Debt Payoff

Make bi-weekly payments instead of monthly
Round up your payments to the nearest $50
Apply any windfalls (tax refunds, bonuses) to debt
Consider a balance transfer for high-interest debt
Look into refinancing options for large loans
Cut unnecessary expenses and apply savings to debt

Disclaimer:

This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the information provided and actual results may vary. Interest is calculated using a simplified monthly calculation method and may differ from your actual loan terms. Always consult with a qualified financial professional before making important financial decisions.

Affiliate Disclosure:

Some links on this page are affiliate links. If you click on these links and make a purchase, we may receive a commission at no additional cost to you. We only recommend products and services we believe will add value to our visitors. This helps support our free calculator tools.