Debt Payoff Calculator
Free debt payoff calculator. Get instant results — no signup, no account. Plan and compare with confidence.
Use the Debt Payoff Calculator below.
Plan your debt payoff. See how extra payments shorten payoff and reduce interest. Compare snowball vs avalanche. Free debt payoff calculator for USA and worldwide.
How to use Debt Payoff Calculator
Enter debts
Input each debt balance, rate, and minimum payment.
Enter extra payment
Input how much extra you can pay each month.
View payoff plan
See payoff order, timeline, and total interest.
Features
- Instant results — no waiting or signup.
- Free to use — no hidden fees.
- No login or account required.
- Works on all devices — desktop, tablet, and mobile.
- Your data stays private — we do not store your inputs.
Why use this calculator
- Plan your finances with accurate estimates.
- Compare scenarios in seconds.
- Make informed decisions before you borrow or invest.
Supported browsers and devices
- All modern browsers (Chrome, Firefox, Safari, Edge).
- Mobile-friendly — use on phone or tablet.
- No app download — runs in your browser.
Frequently asked questions
Complete guide to Debt Payoff Calculator
What is a debt payoff calculator?
A debt payoff calculator shows how long it will take to pay off one or more debts with fixed monthly payments. You can model the avalanche method (highest interest first) or snowball method (smallest balance first). Enter each debt’s balance, rate, and minimum payment, plus how much extra you can put toward debt. It shows payoff order, timeline, and total interest.
Avalanche vs snowball
- Avalanche: Pay minimums on all, put extra toward highest-interest debt. Mathematically saves the most interest.
- Snowball: Pay minimums on all, put extra toward smallest balance. Quick wins can motivate some people.
- Choose the method you will stick with; consistency matters more than the small difference for many.
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Disclaimer
Our financial calculators are for informational and educational purposes only. Results are estimates based on the inputs you provide and standard formulas. They are not financial, tax, or legal advice. We do not store or share the numbers you enter.