Debt Payoff Calculator
Create a cost-efficient payback schedule for multiple debts using the proven Debt Avalanche method
What is the Debt Avalanche Method?
The Debt Avalanche method focuses on paying off debts with the highest interest rates first while making minimum payments on others. This approach saves you the most money on interest over time compared to other payoff strategies.
Your Debt Freedom Plan Awaits
Enter your debt details and click “Calculate Payoff Plan” to see how much you can save with the Avalanche method.
Master Your Debt with the Avalanche Method
Debt can feel overwhelming, but with the right strategy, you can take control of your financial future. Our Debt Payoff Calculator uses the mathematically optimal Avalanche Method to help you eliminate debt efficiently and save money on interest payments.
Why Choose the Avalanche Method?
The Debt Avalanche method is the most cost-effective strategy for paying off multiple debts. By prioritizing debts with the highest interest rates, you minimize the total interest paid over time.
- Maximum Interest Savings – Pay less overall by targeting high-interest debts first
- Faster Debt Freedom – Become debt-free sooner than with other methods
- Mathematically Optimal – Proven to be the most efficient payoff strategy
How to Use This Calculator
Our Debt Payoff Calculator helps you create a customized plan to eliminate your debts:
- Enter each debt’s balance, interest rate, and minimum payment
- Add any extra amount you can pay toward debt each month
- Click “Calculate” to see your personalized payoff plan
- Follow the Avalanche sequence to maximize savings
Note: This calculator provides estimates only. Actual results may vary based on your specific loan terms and payment timing. For evaluating a single credit card payoff plan, visit our credit card calculator.