Calculator
Debt Payoff Calculator.
Compare payment amounts and payoff timing in plain language.
Easy comparison
Compare Ways to Pay Off Debt
Enter up to four debts, your total monthly payoff amount, and any extra lump sum you can apply today. The calculator compares common payoff methods side by side.
How the Methods Work
- Snowball: Focus extra money on the smallest balance first.
- Highest interest first: Focus extra money on the debt with the highest rate first.
- Smallest payment first: Focus extra money on the debt with the smallest required payment first.
For each method, the calculator assumes you keep making required payments on all debts and send any extra money to the focus debt.
Best estimated timing
0 monthsEnter your debts to compare payoff methods.
This is only an estimate and is intended for illustrative purposes only. Actual payoff timing may differ based on payment timing, fees, rate changes, promotional rates, new charges, late payments, and lender rules.
The results shown are not a debt management plan, loan recommendation, credit counseling advice, or personalized financial advice. Consider consulting a qualified professional before making major debt payoff or refinancing decisions.
Want Help Building a Payoff Plan?
A calculator can compare methods. A planning conversation can help coordinate debt payoff with savings, taxes, cash flow, and other priorities.