Debt payoff calculator
No account, email or phone. Planning estimates, not quotes or personalized advice.
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Two routes to becoming debt-free
Estimates update as you change the numbers. Review the assumptions below.
See the breakdown
- Total current debt
- $19,200
- Monthly payment budget
- $620
- Avalanche time with no extra payment
- 49 months
- Interest saved by extra payment (avalanche)
- $2,040
Your plan over time
View exact values
| Period | Avalanche balance |
|---|---|
| Start | $19,200 |
| Month 12 | $13,884 |
| Month 24 | $7,729 |
| Month 36 | $675 |
| Month 38 | $0.00 |
How to read this estimate
Avalanche payoff order: Store card (month 10), Credit card (month 30), Car loan (month 38)
Snowball payoff order: Store card (month 10), Credit card (month 30), Car loan (month 38)
The monthly budget stays fixed as debts disappear. Minimum payments are fixed dollar assumptions and freed payments roll to the next debt. Avalanche targets highest APR; snowball targets smallest balance.
Monthly APR/12 interest approximation, no new charges, fees, promotions or rate changes. Actual credit-card daily interest and changing minimums differ. A dash means not paid off within the 600-month model, not a promise of eventual payoff.