Debt Payoff Calculator
Create a personalized plan to eliminate your debt using the snowball or avalanche method.
Add New Debt
Avalanche: Pay off highest interest debts first to minimize interest payments.
Debt Payoff Timeline
| Debt | Balance | Rate | Payoff |
|---|
Debt Balance Over Time Chart
This would show your debt decreasing month by month
Tips to Pay Off Debt Faster:
- • Increase your monthly payment to reduce interest and payoff time
- • Consider balance transfer offers for high-interest credit cards
- • Prioritize paying off high-interest debts first (avalanche method)
- • Use windfalls like tax refunds or bonuses to make extra payments
SoFi Personal Loans
Debt consolidation made simple
Fixed rates as low as 8.99% APR with autopay
Consolidate multiple high-interest debts into one payment
No fees - no origination fees, no late fees, no prepayment penalties
Checking rates won't affect your credit score
Upstart
Fair loans for your credit potential
Lower rates through AI-powered underwriting
Quick 5-minute rate check with no impact to credit score
Funds as fast as next business day after approval
Rate check won't affect your credit score
More Financing Options
Credible
Compare loan offers
LendingTree
Multiple lender quotes
Prosper
Peer-to-peer lending
Marcus
No-fee personal loans
Credit Score Simulator
See how paying off debt impacts your credit score over time.
Debt Snowball vs Avalanche
Compare debt elimination methods to find the right approach for your situation.
Debt Consolidation Guide
Learn how to combine multiple debts into a single loan with a lower interest rate.
Balance Transfer Calculator
Calculate how much you can save by moving high-interest credit card debt.