Find Your Debt-Free Date
Enter each debt (balance, APR, and minimum payment), then add an optional extra monthly amount or one-time lump sum. Choose Avalanche (highest APR first) or Snowball (smallest balance first). We’ll estimate your payoff date, months to debt-free, total interest, and interest saved vs. paying minimums only.
Debt Inputs
Avalanche minimizes interest. Snowball can feel more motivating.
We’ll assume payments occur monthly from this month forward.
Applied on top of all minimums, directed by your chosen strategy.
Optional annual increase to your extra monthly amount (e.g., raises, bonuses).
Optional windfall applied at the chosen date below.
Your Debts
Add each account you plan to pay off (credit cards, personal loans, auto loans, student loans, etc.). Minimums should be realistic current required payments.
| Name | Balance ($) | APR (%) | Minimum ($/mo) |
|---|
Tip: For credit cards, minimums often equal a percentage or a floor (e.g., 2% or $25) — enter your current billed minimum.
Plan Breakdown
| Item | Amount |
|---|---|
| Total Starting Balance | $0 |
| Total Minimums / mo | $0 |
| Extra Payment / mo (initial) | $0 |
| One-Time Lump Sum | $0 |
| Total Interest (Plan) | $0 |
| Interest Saved vs. Minimums | $0 |
This tool provides estimates only. Actual results may vary based on compounding conventions, fees, variable APRs, changed minimums, deferments, and timing. This is not financial advice.
Projected Timeline (First 24 Months)
| Month | Total Payment | Interest | Principal | Ending Balance |
|---|
We simulate month-by-month payments, allocating minimums and directing all extra dollars to the target debt per your selected strategy.
Debt-Free Date
—
Months to Zero
0
Total Interest (Plan)
$0
Interest Saved vs. Minimums
$0
Luke’s Picks Editorial
Last updated • Free payoff planner with Avalanche & Snowball.