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Debt Payoff Calculator

Compare the Debt Snowball and Debt Avalanche methods and see exactly when you could become debt-free.

Your Debts

0 debts

Payment Plan

Monthly budget
Amount paid on top of all minimum payments.
Used to estimate your debt-free date.

Debt Summary

Both strategies
Total Debt
₱0.00
Current balances
Minimum Payments
₱0.00
Every month
Extra Payment
₱0.00
Every month
Total Monthly Budget
₱0.00
Minimums + extra
Your strategy recommendation

Enter your debts to compare the two strategies.

Avalanche
Highest interest rate first
Save interest
Debt-free in
—
Payoff date
—
Total interest
—
Total paid
—
Highest-rate debt is prioritized.
Snowball
Smallest balance first
Quick wins
Debt-free in
—
Payoff date
—
Total interest
—
Total paid
—
Smallest balance is prioritized.

Avalanche vs. Snowball

Difference
Interest Saved
₱0.00
Avalanche vs Snowball
Time Difference
0 months
Debt-free timing
First Debt Paid
—
Strategy comparison
Recommended
—
Based on interest cost

Payoff Plan

Detailed schedule

Payoff Order

Avalanche
Calculate your plan to see the payoff order.

Debt Balance Over Time

Comparison
Calculate your plan to see the chart.

Monthly Schedule

Avalanche
Month Date Starting Balance Interest Payment Ending Balance
Calculate your plan to see the schedule.

How This Calculator Works

Methodology

Debt Avalanche: After making the required minimum payments, extra money is directed toward the debt with the highest APR.

Debt Snowball: After making the required minimum payments, extra money is directed toward the debt with the smallest balance.

When a debt is completely paid off, its former minimum payment is rolled into the next target. This keeps your total monthly debt budget working until every debt reaches zero.

Interest is estimated monthly using: balance × APR ÷ 12 .

Actual lender statements can differ because lenders may calculate interest daily, use average daily balances, apply fees, or have different payment timing.

Planning estimate: This calculator is for educational and planning purposes. It does not account for lender-specific fees, penalties, daily interest calculations, promotional APRs, variable rates, or changes to minimum payment requirements.