Debt Payoff Calculator

Compare avalanche vs snowball strategies and see how extra payments accelerate your debt-free date

Debt-Free In
6y 6m
with $200/mo extra
Total Debt
$48,000
3 accounts
Interest Saved
$5,857
vs minimum payments
Time Saved
2y 10m
faster payoff
Payoff Strategy
$200
Your Debts
Payoff Order
1Credit Card
2Car Loan
3Student Loan
Debt Balance Over Time
Remaining Debt
Total Interest Paid
Strategy Comparison

Total interest paid by strategy (with $200/mo extra)

No Extra
112 months
$14,778 interest
Avalanche
78 months
$8,921 interest
Snowball
78 months
$8,921 interest