Add your debts and compare payoff strategies. Snowball vs Avalanche - see which method saves you the most.
Your Debts
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Extra Monthly Payment
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Total monthly: $980 (minimums + extra)
Total Debt
$42,000
Number of Debts
3
Avalanche
6y 4m
Interest: $7,317
Snowball
6y 4m
Interest: $7,317
Extra Payment Impact
Time Saved
3y 4m
Interest Saved
$4,266
Payoff Order (🔥 Avalanche)
1Credit Card$5,000 at 22.99%
2Car Loan$12,000 at 6.5%
3Student Loan$25,000 at 5.5%
Estimation Only: Results from the Debt Payoff Calculator are for informational and educational purposes only. They do not constitute financial, tax, mortgage, or legal advice. Actual payments, rates, taxes, and insurance will vary. Always consult a licensed financial professional before making any financial decisions. No personal data is transmitted by this calculator.