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Free tool · Debt payoff
When will I be debt-free?
List your debts and see which strategy gets you debt-free faster and cheaper. Avalanche pays the highest interest rate first and saves the most money. Snowball pays the smallest balance first and gives you quick wins.
Avalanche: debt-free in
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Paying the highest interest rate first (the avalanche method).
Avalanche: total interest
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Snowball: debt-free in
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Snowball: total interest
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Minimums only: interest
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Payoff order
When a debt is paid off, its minimum payment rolls into the next one. Interest is calculated monthly. Projections stop at 50 years.
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Educational estimate, not financial advice. Results depend on the assumptions you enter.