Debt Payoff Calculator
Updated on 20 Oct 2026 · Checked by Aotob
Paying $670 a month, you are debt-free in 2 years 5 months.
That clears $16,200 with $2,779 of interest, using the avalanche method in this order: Store card, Credit card, Car loan. Paying only the minimums would take 4 years 0 months and cost $6,008.
Debt-free in
2 yrs 5 mos
Snowball and avalanche come out the same here.
Show the working
Every month: pay all minimums (470) + 200 extra on the highest rate
When a debt is cleared, its payment rolls into the next one: Store card → Credit card → Car loan
All clear after 29 months
Debt left over time
When each debt is cleared
| Debt | Balance | Rate | Cleared in |
|---|---|---|---|
| Credit card | 6,000 | 22.9% | 2 years 0 months |
| Store card | 1,200 | 27.9% | 6 months |
| Car loan | 9,000 | 7.5% | 2 years 5 months |
Questions people ask
Snowball or avalanche: which is better?
Avalanche (highest rate first) always costs the least interest. Snowball (smallest balance first) clears debts sooner, which keeps many people going. The difference is often small, so pick the one you will stick to.
What happens when a debt is paid off?
Its whole payment moves to the next debt on the list. That is why the plan speeds up over time.
Do I need to include my mortgage?
Usually not. Mortgages have low rates and long terms. Focus on cards, overdrafts and personal and car loans.
Updated 20 Oct 2026Source: snowball and avalanche methods (CFPB debt guides)Checked by AotobAn estimate, not financial adviceReport an issue