Free debt payoff calculator
Put in what you owe. The date comes out. Underneath, why a minimum payment keeps you there for twenty years.
This runs in your browser. Nothing you type is sent anywhere.
Up to 15 debts. A blank row is ignored.
Anything you can pay on top of the minimums above.
Strategy
Highest rate first. The least interest.
Debt-free
Apr 2029
30 months · 228 months sooner
Total interest
$2,695
Saved vs. minimums only
$10,709
Payoff order
Paid off Jun 2028
Paid off Apr 2029
This is a snapshot. Keep the plan and it updates itself as balances change, extra payments land and rates move. That's the app, and the manual version is free.
Keep this planAn estimate from the numbers you entered — not financial advice.
Snowball or avalanche makes no difference here. Your extra payment does: $10,709 less interest and 228 months off the plan.
The same debts and the same extra payment, three ways.
Sign up and these debts are waiting for you — the same date you just saw.
Save this plan and keep it updated — free, no card.Your debts are handed over from this browser. No card, no trial.
You keep paying every minimum, then put every spare dollar on the debt with the smallest balance. When it clears, its payment joins the pile and moves to the next smallest one. Balances disappear quickly early on, and that is the point: the plan you keep doing beats the plan that looks best on paper.
Same rolling payment, different target: whatever charges the most interest goes first, however much it owes. That always costs the same or less than the snowball, and usually finishes at least as soon. The catch is patience — a big, expensive loan can sit at the top of the list for a year before anything gets crossed off.
Run both above with your own numbers. On most real debt loads the difference between the two orders is a few hundred dollars, while another $100 a month is worth thousands. Pick the order you will actually stick to, and spend the argument on finding the extra instead.
A credit card minimum is usually about 1% of the balance plus that month's interest, with a floor near $25 — and it falls every month as the balance does. That is the trap: the payment shrinks as fast as the debt, so a $6,000 card at 24.99% APR starts around $185 a month and is still going more than twenty years later, having cost more in interest than the balance you began with. A loan is the opposite. Its payment is fixed, so the same amount buys more principal every month and the end date is set from the start. This page treats the two differently for exactly that reason: it asks a loan what you pay, and works a card's minimum out for you, month by month, the way your issuer will. Anything above the minimum goes straight at the principal, and it compounds — it lowers next month's interest, which lowers the month after that. That is the whole trick, and it is why this page asks for the extra before it asks for anything else.
If what you pay is less than the interest a debt charges that month, the balance goes up, not down. This calculator says so, per debt, instead of quietly projecting a payoff date that will never arrive.
A 0% promotional rate is not modelled on this page: enter the rate you'll pay when it ends, and treat the date as optimistic until then. Inside the app, a debt can carry a promotional APR with an end date, and the plan switches to the regular rate on that date. Deferred interest — where the whole period's interest lands at once if you don't clear the balance — isn't the same thing as 0%, and neither this page nor the app models it.