Debt Payoff Calculator
Plan payoff for multiple debts with the avalanche method, extra payments, and a fixed or shrinking monthly budget.
Your debts
Uses the debt avalanche method (highest interest rate first) for the most cost-efficient payoff order.
Extra payments
Payment strategy
Keep total monthly payment fixed after a debt is paid off?
When a debt is paid off, that payment amount is applied to the remaining highest-interest debts. Your total monthly outlay stays the same.
Debt-free in
2 years, 11 months
35 months
$20,000.00
Starting balance
$2,967.54
Total interest
$22,967.54
Total paid
Payoff order (avalanche)
| # | Debt | Balance | Rate | Paid off | Interest |
|---|---|---|---|---|---|
| 1 | Credit Card | $5,000.00 | 19.90% | 2 years, 1 month | $1,125.64 |
| 2 | Personal Loan | $3,000.00 | 11.00% | 2 years, 4 months | $487.29 |
| 3 | Car Loan | $12,000.00 | 6.50% | 2 years, 11 months | $1,354.61 |
What the tool does
Debt Payoff Calculator plans payoff across multiple debts using the avalanche method, extra payments, and a fixed or shrinking monthly budget.
How to use it
- Add each debt with balance, APR, and minimum payment.
- Set your monthly budget and any extra payment.
- Review the payoff order and timeline.
- Adjust strategy inputs until the plan fits your budget.
Supported formats
- Debt balances, APRs, and monthly payment amounts
Privacy & security
This tool runs entirely in your browser. Your data never leaves your device — nothing is uploaded to our servers.
FAQs
- What is the avalanche method?
- Avalanche pays minimums on all debts and puts extra money toward the highest interest rate first to reduce interest cost.
- Is this financial advice?
- No. It is a planning calculator. Consider a trusted advisor for personal decisions.
- Do you store debt details?
- No. Everything stays local.