Debt Payoff Calculator
Calculate how long it will take to pay off your debts and see different payoff strategies
Your Debts
Enter information about your current debts
Payoff Strategy
Choose your debt payoff approach
Payoff Results
Based on your current debt and payment strategy
13
Months to Pay Off
$0
Total Interest
Total Debt:$5,000
Total Payments:$4,550
Monthly Payment:$350
Payoff Date:7/23/2026
Strategy Comparison
How different approaches compare
Debt SnowballPsychological wins
Pay minimums on all debts, put extra toward smallest balance first
Debt AvalancheSaves most money
Pay minimums on all debts, put extra toward highest interest rate first
Tips for Success
- Stop using credit cards while paying off debt
- Consider a side hustle to increase your extra payments
- Automate payments to stay consistent
- Celebrate milestones to stay motivated