Debt Payoff Calculator

Take control of your financial future and build a clear, actionable plan to become debt-free. This free debt payoff calculator lets you map out your path to freedom by comparing popular strategies like the Debt Snowball and Debt Avalanche. Simply enter your loan balances, interest rates, and monthly payments to see exactly when you’ll make your final payment and how much money you can save on interest.

Harness Money · Debt Toolkit

See your debt-free date.

Compare payoff strategies, understand the interest ahead, and turn your monthly payment into a clear plan.

Your debts

Enter current balances and minimums.

Choose your payoff strategy

AvalancheHighest APR first. Usually saves the most interest.

SnowballSmallest balance first. Builds momentum with quick wins.

Minimum onlyKeep paying each debt’s stated minimum.

Extra monthly payment Added to your minimums and rolled to the next debt.

Monthly payoff schedule

A combined amortization view across all debts.

Month	Starting balance	Payment	Interest	Principal	Ending balance

Estimates use monthly interest (APR ÷ 12), no new charges, and the payment amounts entered above.