Debt Payoff Calculator
Every debt you carry — and the fastest route out. Plan the payoff on the Calculator, log today's balances in My As-Is, and Compare shows the interest saved.
Your debts
A real plan to be debt-free
List every balance you carry — cards, auto, student, personal — with its rate and payment, and this debt payoff calculator finds the date you are debt-free. It uses the avalanche method: you hold your total monthly payment steady, and each time a debt clears, its payment rolls onto the highest-rate debt still standing.
Why rollover pays off sooner
Paying each debt in isolation wastes momentum. By rolling freed-up payments onto your most expensive balance, the same total each month clears everything months — sometimes years — earlier, and the calculator shows exactly how many months you save.
When a debt never clears
If a balance’s payment barely covers its monthly interest, it is flagged as “never clears” — a blunt but honest warning that the minimum will not get you there, no matter how long you wait.
It feeds your wider picture
Your auto-loan payment is tagged to transportation and the rest to general debt, then handed to your Budget so debt lands in your 50/30/20 automatically.
What extra payments really buy you
Raise your total monthly payment by even a small amount and watch the debt-free date move. Because every dollar above interest attacks principal, modest increases compound into large time and interest savings — which is why finding room for a little more often matters more than chasing a slightly lower rate.
Which comes first?
If you are weighing a balance against a cushion, pay off debt or build an emergency fund works through the arithmetic and the sequence that handles both.
Frequently asked questions
What is the debt avalanche method?
Avalanche vs. snowball — which is better?
How is my debt-free date calculated?
Why does it say a debt ‘never clears’?
Does paying more than the minimum really help?
Should I pay off debt or save first?
Useful on its own. Powerful together.
This calculator works on its own — but it shares your numbers with eight more. Together, they become a command center for your whole financial picture.