Debt payoff calculator
Add up to five debts, with any 0% intro rate end dates, and what you can pay each month in total. It shows the debt-free date and the interest three ways: your order, snowball and avalanche.
Estimate · guidance, not advice
- The minimum goes to every debt; the rest, and each minimum that frees up, goes to the first debt in the order.
Free help with debt: the National Foundation for Credit Counseling and the Consumer Financial Protection Bureau.
Keep the plan going
The Debt Payoff App keeps this plan up to date as you pay, and warns you before each 0% deal ends.
Debt Payoff App · sold on Etsy
Prefer a spreadsheet? Debt Payoff Planner Spreadsheet tracks every 0% end date too.
Questions
Snowball or avalanche?
Avalanche (highest rate first) usually costs the least interest. Snowball (smallest balance first) clears a debt sooner, which can help you keep going. Pick the one you'll stick with.
How is interest worked out?
Each month, on what's owed, at the monthly rate that adds up to the APR over a year. A 0% debt has none until the date you type.
What if I can't pay the minimums?
Call each lender before the due date and ask about a hardship plan.
Updated