Debt Repayment Calculator
Every debt, one plan: balances, rates, and minimums in — repayment order, monthly schedule, and debt-free date out.
One plan for all your debts
Single-loan calculators answer one question; a real debt situation asks another: in what order do I repay all of this, and when am I done?This debt repayment calculator handles multiple debts at once. It applies your budget the way disciplined repayment actually works — minimums on everything, all extra firepower on one target, and each finished debt’s payment rolling into the next. The result is a date, not a guess.
Why the rollover matters
The “rollover” (or snowball effect) is the engine of every repayment strategy: when your first debt dies, its payment doesn’t return to your lifestyle — it joins the attack on the next debt. Payments compound like momentum, which is why plans that look slow in month two look unstoppable in month twelve.
Snowball or avalanche — pick one and stay
The math favors the avalanche (highest rate first); psychology often favors the snowball (smallest balance first). The honest answer, visible right in this calculator, is that for most debt mixes the dollar difference is small — the expensive mistake isn’t picking the “wrong” order, it’s quitting. Choose the order you’ll stick with, then track it monthly: our free planner saves your plan, logs payments, and recalculates as life happens.
Frequently asked questions
How does this debt repayment calculator work?
Enter each debt’s balance, APR, and minimum payment, plus your total monthly budget. The calculator simulates repayment month by month: every debt gets its minimum, your extra budget attacks one debt at a time, and when a debt is finished its payment rolls into the next one.
What repayment order should I choose?
The avalanche order (highest APR first) minimizes total interest. The snowball order (smallest balance first) gives faster early wins, which keeps many people motivated. The calculator lets you switch between them and compare real dollar differences.
What counts as a debt I can enter?
Anything with a balance, an interest rate, and a monthly payment: credit cards, personal loans, car loans, student loans, medical debt, HELOCs, or money owed to family (use 0% APR).
How much budget should I put toward debt repayment?
At minimum, the sum of all required payments. Above that, a common approach is 20% of take-home pay toward debt beyond minimums — but any consistent extra amount accelerates the plan. Try different budgets in the calculator and watch the debt-free date move.
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Calculations assume monthly compounding (APR ÷ 12) and fixed minimum payments. Eagle Debt Payoff is a planning tool, not financial advice.