Debt Paydown Planner
Compare avalanche and snowball payoff plans, see which debt to target next, and estimate how much time and interest an extra monthly payment could save.
Inputs
Debts
Add balances, APRs, and minimum payments for each debt you want to include.
Debt-free target date
—
Based on your selected strategy and monthly payoff budget.
Total interest paid
$0
Selected strategy only.
Interest difference vs other method
$0
How much more or less interest your current strategy pays.
First debt paid off
—
The earliest visible win in your payoff order.
Model-suggested next debt
—
Where the current payoff method points your next extra dollar.
Extra payment impact
—
Compared with making minimum payments only.
Total balance over time
The two lines use the same debt list and payment budget. The only difference is the payoff order.
Cumulative interest over time
This makes the avalanche-versus-snowball tradeoff easy to see: faster motivation versus lower interest cost.
Payoff order
Each pill shows the payoff sequence and the month each debt disappears under your selected strategy.
Selected checkpoints
| Month | Selected balance | Other method | Selected interest |
|---|
Coaching takeaways
How to use this planner
- Enter each balance, APR, and required minimum payment separately.
- Add the extra amount you can reliably pay on top of those minimums.
- Compare avalanche if you care most about minimizing interest and snowball if you care most about early wins.
- The model assumes any minimum payment freed up by a payoff gets rolled into the next debt.
- If the real problem is finding room in the month-to-month budget, start with the Budget & Savings Planner.