Debt payoff calculator
A small extra monthly payment shortens the schedule by years. This calculator runs the schedule month by month so you can see exactly when each balance hits zero.
Sample debts: $6,400 credit card at 22.9% and $24,000 student loan at 5.5%. Sign up to plug in your real debts.
Total months
68
Total interest
$5,800.01
Want this tied to your real numbers?
Create a free account and we'll plug your profile in automatically — and place this tool inside your full roadmap.
FAQ
- Avalanche or snowball — which is better?
- Avalanche pays the highest-APR debt first and minimizes total interest. Snowball pays the smallest balance first and gives early wins. Pick the one you will actually stick with.
- Should I consolidate?
- Sometimes. A 0% balance transfer can accelerate payoff if you can clear it during the promotional period. A consolidation loan can lower APR, but watch fees.
- Should I stop investing while paying down?
- Capture your employer match first — matched dollars are an immediate 50–100% return on what you contribute up to the cap. Beyond that, attack high-APR debt before incremental investing.
Related calculators
Educational guidance only. Not legal, tax, or individualized investment advice. We do not recommend individual securities or guarantee outcomes.