Debt Payoff Calculator - Calculate Your Debt-Free Date

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Debt Payoff Calculator

Estimate the time required to pay off one or more debts using the debt avalanche method.

Your Debts

Debt #1

Debt Name

Remaining Balance ($)

Monthly Payment ($)

Interest Rate (%)

Debt #2

Debt Name

Remaining Balance ($)

Monthly Payment ($)

Interest Rate (%)

Debt #3

Debt Name

Remaining Balance ($)

Monthly Payment ($)

Interest Rate (%)

Debt #4

Debt Name

Remaining Balance ($)

Monthly Payment ($)

Interest Rate (%)

Extra Payments

Extra Monthly Payment ($)

Extra Yearly Payment ($)

Extra One-Time Payment

Payment Strategy

Keep total payment amount fixedReduce payments as debts are paid off

Fixed payments: After a debt is paid off, that payment amount will be redistributed to remaining debts.

Reduced payments: After a debt is paid off, your total monthly payment will decrease.