MyMoneyAnalytics

Debt Payoff Calculator

Compare strategies like Avalanche vs. Snowball to plan your debt elimination timeline. See how fast you can become debt-free and how much interest you'll save.

Free calculator

Compare every debt from one monthly budget
Jump to resultsDebt payoff comparison

Add up to ten debts, arrange the inventory, and compare avalanche, snowball, and fixed-minimum paths using the same cash flow.

Edit the example debt inventory

Use the balances, APRs, and listed minimums from current statements.

Above 8%
A label that will appear in the payoff order, chart, and tooltip.
Principal still owed before future interest and payments.
Annual percentage rate used to estimate monthly interest.
The required monthly payment shown by the lender. Every minimum is allocated before focused extra money.
Above 8%
A label that will appear in the payoff order, chart, and tooltip.
Principal still owed before future interest and payments.
Annual percentage rate used to estimate monthly interest.
The required monthly payment shown by the lender. Every minimum is allocated before focused extra money.
Above 8%
A label that will appear in the payoff order, chart, and tooltip.
Principal still owed before future interest and payments.
Annual percentage rate used to estimate monthly interest.
The required monthly payment shown by the lender. Every minimum is allocated before focused extra money.
The total monthly debt-payment budget available for all minimums and the focused extra payment.
Avalanche debt-free estimate
2y 10m
Estimated interest
Listed minimums
Focused extra

Remaining balances with avalanche

Each eliminated payment rolls into the next priority debt.

What changes with this choice

  • About less interest than snowball.
  • About less interest than paying only the fixed listed minimums.

Estimated payoff order

  1. 1. Credit Card1y 6m
  2. 2. Auto Loan2y 7m
  3. 3. Student Loan2y 10m

Assumes fixed APRs, no new charges or late fees, monthly interest approximation, fixed listed minimums, and successful payment rollover. Credit-card minimums and lender payment rules can change. Confirm that extra payments reduce principal as intended.

These tools are provided for educational purposes only and do not constitute financial, investment, tax, legal, or planning advice. Results are estimates based on the assumptions you provide, and actual outcomes may differ. Past performance is not indicative of future returns. Consider consulting a qualified professional before making financial decisions.

How to read this chart

Each layer is a remaining debt balance. The payoff order shows which balance receives the focused extra payment; the zero-balance point is the estimated debt-free date.

Blueprint Step 4

Supports these Blueprint lessons

List each balance, APR, and required minimum, then set one monthly debt budget to compare every payoff method fairly.

Step 4: Pay down high-interest debtUnderstand APR, amortization, consolidation, avalanche, and snowball.Debt Paydown Quick ReferenceKeep the payoff mechanics close at hand.

Try another calculator

Continue with a related money decision using the same example-first approach.

Debt vs. Investing

Blueprint Step 10: quantify the tradeoff between earlier payoff, ongoing investing, and a blended approach.

Compound Interest

Blueprint Steps 6 and 9: estimate growth from starting balance, recurring purchases, and return assumptions.

Turn this estimate into a plan

Build a free My Money Plan that turns today's numbers into a roadmap for debt payoff, cash reserves, savings goals, and long-term independence.

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