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Debt Payoff Calculator

Calculate how long it will take to pay off your debts

Debt Information

Payoff Results

Enter your debt details to see payoff calculations

Debt Payoff Strategies

Debt Snowball Method

  • • Pay minimums on all debts
  • • Put extra money toward smallest debt
  • • Build momentum with quick wins
  • • Roll payments to next debt when paid off

Debt Avalanche Method

  • • Pay minimums on all debts
  • • Put extra money toward highest interest debt
  • • Save money on interest over time
  • • Mathematically optimal approach