Debt Payoff Calculator
Compare snowball and avalanche strategies to find the fastest way to become debt-free
Pay off highest interest rate first. Saves the most money on interest.
Pay off smallest balance first. Provides quick wins and motivation.
Additional money you can put toward debt beyond minimums
Total Debt
$16,000.00
Payoff Time
2 years, 9 months
Total Interest
$3,359.49
Total Paid
$19,359.49
Monthly Payment
$690.00
Track your progress as you pay off debts
Month 1
$290.00
Principal
$235.03
Interest
$54.97
Remaining
$2,764.98
Month 1
$150.00
Principal
$70.88
Interest
$79.13
Remaining
$4,929.13
Month 1
$250.00
Principal
$166.67
Interest
$83.33
Remaining
$7,833.33
Month 2
$290.00
Principal
$239.33
Interest
$50.67
Remaining
$2,525.64
Month 2
$150.00
Principal
$72.00
Interest
$78.00
Remaining
$4,857.13
Month 2
$250.00
Principal
$168.40
Interest
$81.60
Remaining
$7,664.93
Month 3
$290.00
Principal
$243.72
Interest
$46.28
Remaining
$2,281.93
Month 3
$150.00
Principal
$73.14
Interest
$76.86
Remaining
$4,783.99
Month 3
$250.00
Principal
$170.16
Interest
$79.84
Remaining
$7,494.77
Month 4
$290.00
Principal
$248.18
Interest
$41.82
Remaining
$2,033.74
Month 4
$150.00
Principal
$74.29
Interest
$75.71
Remaining
$4,709.70
Month 4
$250.00
Principal
$171.93
Interest
$78.07
Remaining
$7,322.84
Month 5
$290.00
Principal
$252.73
Interest
$37.27
Remaining
$1,781.01
Month 5
$150.00
Principal
$75.47
Interest
$74.53
Remaining
$4,634.23
Month 5
$250.00
Principal
$173.72
Interest
$76.28
Remaining
$7,149.12
Month 6
$290.00
Principal
$257.36
Interest
$32.64
Remaining
$1,523.65
Month 6
$150.00
Principal
$76.66
Interest
$73.34
Remaining
$4,557.57
Month 6
$250.00
Principal
$175.53
Interest
$74.47
Remaining
$6,973.59
Month 7
$290.00
Principal
$262.08
Interest
$27.92
Remaining
$1,261.57
Month 7
$150.00
Principal
$77.88
Interest
$72.12
Remaining
$4,479.69
Month 7
$250.00
Principal
$177.36
Interest
$72.64
Remaining
$6,796.24
Month 8
$290.00
Principal
$266.88
Interest
$23.12
Remaining
$994.69
Month 8
$150.00
Principal
$79.11
Interest
$70.89
Remaining
$4,400.58
Month 8
$250.00
Principal
$179.21
Interest
$70.79
Remaining
$6,617.03
Month 9
$290.00
Principal
$271.77
Interest
$18.23
Remaining
$722.91
Month 9
$150.00
Principal
$80.36
Interest
$69.64
Remaining
$4,320.22
Month 9
$250.00
Principal
$181.07
Interest
$68.93
Remaining
$6,435.96
Month 10
$290.00
Principal
$276.75
Interest
$13.25
Remaining
$446.16
Month 10
$150.00
Principal
$81.63
Interest
$68.37
Remaining
$4,238.59
Month 10
$250.00
Principal
$182.96
Interest
$67.04
Remaining
$6,253.00
Month 11
$290.00
Principal
$281.82
Interest
$8.18
Remaining
$164.34
Month 11
$150.00
Principal
$82.92
Interest
$67.08
Remaining
$4,155.66
Month 11
$250.00
Principal
$184.86
Interest
$65.14
Remaining
$6,068.13
Month 12
$167.35
Principal
$164.34
Interest
$3.01
Remaining
$0.00
Month 12
$150.00
Principal
$84.24
Interest
$65.76
Remaining
$4,071.43
Month 12
$250.00
Principal
$186.79
Interest
$63.21
Remaining
$5,881.34
Month 13
$350.00
Principal
$285.57
Interest
$64.43
Remaining
$3,785.86
Month 13
$250.00
Principal
$188.74
Interest
$61.26
Remaining
$5,692.61
Month 14
$350.00
Principal
$290.09
Interest
$59.91
Remaining
$3,495.77
Month 14
$250.00
Principal
$190.70
Interest
$59.30
Remaining
$5,501.91
Month 15
$350.00
Principal
$294.68
Interest
$55.32
Remaining
$3,201.09
Month 15
$250.00
Principal
$192.69
Interest
$57.31
Remaining
$5,309.22
Month 16
$350.00
Principal
$299.34
Interest
$50.66
Remaining
$2,901.75
Month 16
$250.00
Principal
$194.70
Interest
$55.30
Remaining
$5,114.52
Month 17
$350.00
Principal
$304.08
Interest
$45.92
Remaining
$2,597.67
Month 17
$250.00
Principal
$196.72
Interest
$53.28
Remaining
$4,917.80
Month 18
$350.00
Principal
$308.89
Interest
$41.11
Remaining
$2,288.77
Month 18
$250.00
Principal
$198.77
Interest
$51.23
Remaining
$4,719.02
Month 19
$350.00
Principal
$313.78
Interest
$36.22
Remaining
$1,974.99
Month 19
$250.00
Principal
$200.84
Interest
$49.16
Remaining
$4,518.18
Month 20
$350.00
Principal
$318.75
Interest
$31.25
Remaining
$1,656.25
Month 20
$250.00
Principal
$202.94
Interest
$47.06
Remaining
$4,315.25
Month 21
$350.00
Principal
$323.79
Interest
$26.21
Remaining
$1,332.46
Month 21
$250.00
Principal
$205.05
Interest
$44.95
Remaining
$4,110.20
Month 22
$350.00
Principal
$328.91
Interest
$21.09
Remaining
$1,003.55
Month 22
$250.00
Principal
$207.19
Interest
$42.81
Remaining
$3,903.01
Month 23
$350.00
Principal
$334.12
Interest
$15.88
Remaining
$669.43
Month 23
$250.00
Principal
$209.34
Interest
$40.66
Remaining
$3,693.67
Month 24
$350.00
Principal
$339.41
Interest
$10.59
Remaining
$330.02
Month 24
$250.00
Principal
$211.52
Interest
$38.48
Remaining
$3,482.14
Month 25
$335.24
Principal
$330.02
Interest
$5.22
Remaining
$0.00
Month 25
$250.00
Principal
$213.73
Interest
$36.27
Remaining
$3,268.41
Month 26
$450.00
Principal
$415.95
Interest
$34.05
Remaining
$2,852.46
Month 27
$450.00
Principal
$420.29
Interest
$29.71
Remaining
$2,432.17
Month 28
$450.00
Principal
$424.66
Interest
$25.34
Remaining
$2,007.51
Month 29
$450.00
Principal
$429.09
Interest
$20.91
Remaining
$1,578.42
Month 30
$450.00
Principal
$433.56
Interest
$16.44
Remaining
$1,144.86
Month 31
$450.00
Principal
$438.07
Interest
$11.93
Remaining
$706.79
Month 32
$450.00
Principal
$442.64
Interest
$7.36
Remaining
$264.15
Month 33
$266.90
Principal
$264.15
Interest
$2.75
Remaining
$0.00