justyourcalculatorDebt Payoff Calculator
When you'll be debt free, and how much extra payments speed it up.
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Debt Payoff Calculator
Your debt-free date with extra payments
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How the debt payoff calculator works
Each month every debt is charged interest at its rate / 12 and gets its regular payment. Your extra payment goes to one target debt: the highest rate (avalanche) or the smallest balance (snowball). When a debt is gone, its payment joins the extra, so payments snowball toward the next one.
The comparison line shows your debts with their current payments only, where each payment stops when its debt is paid.
Using and checking your result
Published by JustYourCalculator. Check the units and assumptions above, and compare a known example before relying on the output. Calculations use browser arithmetic and may round displayed values.
This is an educational estimate, not a lender quote, tax filing calculation or investment recommendation. Actual costs depend on current rules, fees and your circumstances. Verify important decisions with official sources and a qualified adviser.
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