Debt Payoff Calculator – See When You’ll Be Debt-Free

How it works:
This calculator helps you estimate how long it will take to pay off your debt and how much interest you’ll pay over time based on:

  • Your total debt balance

  • Your annual interest rate

  • Your planned monthly payment

How to use it:

Use this tool to estimate how long it will take to pay off multiple debts and how much interest you’ll pay along the way. Enter each of your debts—such as credit cards, loans, or mortgages—with their current balances, monthly payments, and interest rates.

You can input up to 6 different debts. The calculator will show:

  • 📆 Estimated time to pay off each debt (based on your inputs)

  • 💰 Total interest paid across all debts

  • 📉 A live-updating chart that visualizes your combined payoff progress

✅ Tip: Make sure each monthly payment is greater than the monthly interest—otherwise, the debt can’t be paid off.

Standard Strategy

Each debt is paid individually with its own payment schedule.

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Total Interest: –

Total Principal: –

Snowball Strategy

Debts are paid off from smallest to largest balance for motivational wins.

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Total Interest: –

Total Principal: –

Avalanche Strategy

Debts are paid off from highest to lowest interest rate to minimize cost.

Payoff Year: –

Total Interest: –

Total Principal: –