Debt Payoff Calculator Features

Calculate how long it will take to pay off your debts using either the debt avalanche method (paying highest interest rate first) or the debt snowball method (paying smallest balance first). Compare both strategies to see which saves you more money in interest.

What is the Debt Avalanche Method?

The avalanche method focuses on paying off debts with the highest interest rates first, while making minimum payments on other debts. This mathematical approach minimizes the total interest paid over time.

What is the Debt Snowball Method?

The snowball method focuses on paying off debts with the smallest balances first, creating momentum as you eliminate debts. This psychological approach helps maintain motivation by providing quick wins.

Debt Calculator Benefits

• Compare avalanche vs snowball methods side by side
• Visualize your debt payoff progress with interactive charts
• Calculate total interest savings
• Track monthly payments and payoff timeline
• Support for multiple currencies (USD, EUR, GBP, CAD, AUD, INR)
• Free to use with no registration required