Debt Payoff Calculator

Plan debt payoff with snowball or avalanche method

Debt Name

Balance ($)

Interest Rate (%)

Min Payment ($)

Extra Monthly Payment ($) Additional amount to put toward debt each month

Payoff Strategy

Snowball (Smallest First) Avalanche (Highest Rate First)

Pay smallest balances first for quick wins and motivation. Great for staying motivated!

Pay highest interest rates first to minimize total interest paid. Mathematically optimal!