Debt tool
Add one or more debts, choose simple, snowball, or avalanche payoff, and estimate payoff time locally in your browser.
Add each debt with its current balance, annual interest rate, and minimum monthly payment. Add any extra monthly payment you can put toward debt after minimums. Choose simple blended estimate for a quick rough view, snowball for smallest balance first, or avalanche for highest interest first.
Compare the estimate with your real statements. Promotional rates, fees, payment due dates, and changing minimum payments can change the real payoff path.
The snowball method focuses on smaller balances first for momentum. The avalanche method focuses on higher interest rates first to reduce interest cost. If your payment is too low to reduce the balance, the calculator warns you instead of pretending payoff is possible.
No. It is an educational estimate and starting point only.
No. The calculation runs locally in your browser.
Related: debt snowball vs avalanche guide and budget snapshot calculator.