Debt Payoff


This for you to visualize how different monthly payments and different interest rates will affect each debt along with all of them in total.

How to use the tool

Add, remove, or change the amounts of each loan in the toolbar on the left. Select a loan strategy to change how payments are rolled over when a loan is paid off. Select the total line checkbox to add a line to display total owed.

Debt payoff tips

  • Once you pay off one loan, roll your payment into paying off the next one in line with the "Apply to next" option
  • Use the strategy that fits your personality with the "Loan Strategy" selection. See snowball and avalanche for details