Debt Payoff Calculator
See your debt-free date, total interest, and payoff order for any strategy — snowball, avalanche, and more.
Frequently asked questions
How is my debt-free date calculated?
Each month, every debt accrues interest (APR ÷ 12 on the current balance), every debt gets its minimum payment, and your extra budget attacks one debt at a time in the order set by your strategy. When a debt is paid off, its payment rolls into the next. Your debt-free date is the month the last balance hits zero.
Which payoff strategy saves the most money?
The debt avalanche (highest APR first) minimizes total interest. The snowball (smallest balance first) gives faster early wins. This calculator shows real dollar amounts for each, so you can decide if the difference matters for your situation.
Should I pay more than the minimum?
Yes, if you can. Even $50 extra per month can cut years off your payoff and save hundreds in interest, because everything above the minimums goes straight at your target debt and compounds forward as each debt disappears.
Does this work for credit cards, car loans, and student loans?
Yes. Any debt with a balance, an interest rate, and a monthly payment works: credit cards, auto loans, student loans, medical debt, personal loans, or taxes.
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Calculations assume monthly compounding (APR ÷ 12) and fixed minimum payments. Eagle Debt Payoff is a planning tool, not financial advice.