How to use Debt Payoff Calculator
- Debt Details: Enter balance, rate, and minimum payment for each debt.
- Extra Payment: How much extra can you afford monthly?
- Calculate: See your debt-free date and interest saved.
About Debt Payoff Calculator
The Debt Payoff Calculator is a motivational tool for becoming debt-free. It uses strategies like the "Snowball Method" (lowest balance first) or "Avalanche Method" (highest interest first).
See exactly when you will be debt-free if you add just a little extra to your monthly payments.