Mortgage Payment Calculator
Estimate monthly home loan payments with principal, interest, taxes, and insurance.
Debt Payoff / Snowball Calculator
Plan how to pay off loans faster with the debt snowball or avalanche method.
Debt Payoff / Snowball Calculator calculator
How To Use
- Add each debt with balance, interest rate, and minimum payment.
- Choose strategy: Snowball (smallest balance first) or Avalanche (highest rate first).
- Enter how much extra you can pay toward debt each month.
- Review months to pay off and total interest.
- Add or remove debts as needed.
What Is Debt Payoff / Snowball?
The debt snowball method pays minimums on all debts and puts extra money toward the smallest balance first; when that's paid off, you roll the payment to the next smallest. The debt avalanche method targets the highest interest rate first, which can save more interest. This calculator lets you add multiple debts, choose a strategy, and see how long until you're debt-free and how much interest you'll pay.
Frequently Asked Questions
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