Debt Payoff Calculator
Calculate how long it will take to pay off your debt and how much you can save with extra payments
Debt Information
Enter your current debt details to calculate payoff scenarios
Debt Payoff Strategies
Debt Avalanche: Pay minimums on all debts, put extra toward highest interest rate debt first.
Debt Snowball: Pay minimums on all debts, put extra toward smallest balance first.
Extra Payments: Any extra payment toward principal reduces total interest significantly.
Consider debt consolidation if you qualify for a lower interest rate.
Tips to Pay Off Debt Faster
Make bi-weekly payments instead of monthly to reduce interest.
Use windfalls like tax refunds or bonuses for extra payments.
Cut unnecessary expenses and redirect that money to debt payments.
Consider a side hustle to generate extra income for debt payoff.