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Not Financial Advice. This calculator is for educational purposes only. Results are estimates and do not constitute professional financial, legal, or tax advice. Consult a certified financial professional before making decisions. Full disclaimer →

Debt Payoff Planner

Crush your debt
with a plan

Enter your debts below. We'll compare Snowball vs Avalanche strategies and show exactly how much time and money you can save.

Your Debts
🚀Extra Monthly Payment
$200
⏰Your Hourly Wage
$25
Total Debt
$42,000
Debt Free In (Avalanche)
6y 4mo
Interest Saved vs Min. Only
$3,747
3y faster
Life Hours Saved
18d
At $25/hr
Snowball vs Avalanche
✓ SAVES MORE
🏔️

Avalanche Method

Pay highest interest rate first. Saves the most money mathematically.

Time to debt free6y 4mo
Total interest paid$6,943
Total paid$48,943
Interest in life hours1mo 13d
⛄

Snowball Method

Pay smallest balance first. Gives quick wins to keep you motivated.

Time to debt free6y 4mo
Total interest paid$6,943
Total paid$48,943
Interest in life hours1mo 13d
Extra Payment Impact
Minimum Payments Only
9y 4mo
$10,690 interest
With $200/mo Extra
6y 4mo
$6,943 interest
🎉

Adding $200/month extra gets you debt free 3y sooner and saves you $3,747 in interest — that's 18d of your life you get back.

Balance Over Time
Start
$42000
Mo 3
$39972
Mo 6
$37882
Mo 9
$35726
Mo 12
$33503
Mo 15
$31208
Mo 18
$28991
Mo 21
$27030
Mo 24
$25040
Mo 27
$23020
Mo 30
$20969
Mo 33
$18886
Mo 36
$17583
Mo 39
$16358
Mo 42
$15117
Mo 45
$13861
Mo 48
$12589
Mo 51
$11301
Mo 54
$9997
Mo 57
$8676
Mo 60
$7339
Mo 63
$5985
Mo 66
$4615
Mo 69
$3227
Mo 72
$1821
Mo 75
$398
Mo 76
$0
> 50% remaining
20–50%
< 20%