Finance
Debt Payoff Calculator
Work out when a debt is clear, and how much sooner an extra payment gets you there.
Result
Treats all debt as one balance at an average rate. With several debts at different rates, paying the highest-rate one first (avalanche) always costs less in total than paying the smallest first.
Get a Free Business AuditQuestions
About this calculator
Snowball or avalanche?
Avalanche (highest interest rate first) costs less mathematically. Snowball (smallest balance first) pays off more quickly in motivation. The best plan is the one you actually stick to.
Should I consolidate?
Only if the new rate, including all fees, genuinely beats the blended rate you pay now. Check it with the APR calculator rather than comparing headline rates.
Put this calculator on your site
Free to embed. Paste this where you want it to appear. It stays up to date automatically because it loads from BDEVY.
Please keep the attribution line. It is the only thing we ask in return.
Keep going
Related calculators
Credit Card Payoff Calculator
See how long a credit card balance takes to clear and what the interest costs at your payment level..
Open calculatorLoan Calculator
Calculate the monthly payment, total interest and total cost of any fixed-rate loan..
Open calculatorCash Flow Calculator
Work out monthly net cash flow and where the balance lands after a few months..
Open calculatorNumbers are only half the job
Good margins still need customers finding you and systems that hold it together. BDEVY covers the marketing, technology and automation side.