Debt Reduction Calculator – Compare Debt Payoff Strategies
Take control of your debt payoff plan with this interactive calculator. Enter your debts, minimum payments, and monthly budget to see how different strategies—Minimum Payment, Snowball, and Avalanche—affect your time to freedom from debt. Instantly view payoff timelines, total interest costs, and progress charts to identify the most efficient path to becoming debt-free faster.
Debt Reduction Calculator
Enter your debts, choose a strategy, and compare payoff time and interest.
Debts
| Debt Name | Balance ($) | APR (%) | Minimum Payment ($/mo) | Action |
|---|
Controls
Total Minimum Payment
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Total Interest (selected)
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Months to Payoff (selected)
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Payoff Date (selected)
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Charts will display the strategy selected above; the comparison table always shows all three options.
Per‑Debt Summary (selected strategy)
| Debt | Interest Paid | Months | Payoff Date |
|---|---|---|---|
| Total | — | — | — |
Strategy Comparison (always calculated)
| Strategy | Total Interest | Months | Payoff Date |
|---|