Your payoff setup
Debts
Make changes, then click Calculate payoff. After calculating, Chart focus updates the graph automatically.
Add your debts and compare minimum payments, avalanche, and snowball side by side so you can see the tradeoffs clearly.
Make changes, then click Calculate payoff. After calculating, Chart focus updates the graph automatically.
Compare all three payoff paths at the same time. The chart focus controls which plan shows the principal and interest bar breakdown, while the lines compare remaining balances.
Showing the first 60 months or the full payoff schedule if it ends sooner.
This calculator helps estimate how long it may take to pay off multiple debts using a fixed monthly payoff budget. Enter each balance, interest rate, and minimum payment, then choose either the debt avalanche or debt snowball strategy.
The estimate assumes interest compounds monthly and that the total monthly payment stays consistent until all listed debts are paid. It is designed for planning and education, not financial advice.
The debt snowball method focuses on paying the smallest balance first. This can help build motivation because smaller debts disappear sooner.
The debt avalanche method focuses on paying the highest interest rate first. This can reduce total interest cost over time when compared with paying lower-interest debts first.
Early in a debt payoff plan, a large part of the payment can go toward interest instead of reducing the balance. Adding extra money each month can shift more of the payment toward principal, shorten the payoff timeline, and lower total interest paid.
No. This tool is for educational planning only. A financial professional can help evaluate a full financial situation.
Extra monthly payments reduce balances faster. That usually lowers the amount of interest charged over the life of the payoff plan.
Avalanche often saves more interest, while snowball may feel easier to stick with because it pays off smaller debts first.