Debt payoff planner
Choose snowball or avalanche ordering, enter your debts and a sustainable extra payment, and see your debt-free date and total interest. If a minimum payment does not cover monthly interest on any account, the plan shows never pays off — raise that payment first.
Assumes the entered APRs and monthly payment plan stay fixed. How the planner works
Your plan
Your numbers work. See what you qualify for.
Have your numbers handy — here is a link to this exact scenario.
Link to this exact scenario:
Share without entered debt names
This separate link uses Debt 1, Debt 2 and the other original slot labels instead of entered debt names. Balances, APRs, minimum payments and other validated settings stay in the URL. The current page keeps its entered names.
Link with slot labels instead of entered debt names:https://mydebtfreetools.com/tools/debt-payoff-planner?d1_name=Debt+1&d1_balance=4200&d1_apr=24.99&d1_min=105&d2_name=Debt+2&d2_balance=8800&d2_apr=19.99&d2_min=220&d3_name=Debt+3&d3_balance=6500&d3_apr=11.5&d3_min=145&extra=200&strategy=avalanche
How the planner simulates payoff
You enter each debt with balance, APR, and minimum payment, then choose snowball or avalanche ordering. The engine applies minimums everywhere, puts your extra on the first debt in the chosen order, and repeats month by month.
When a balance reaches zero, that debt's minimum is added to the extra pool for the next target. The simulation stops at debt-free or returns never pays off when any minimum fails to cover that debt's monthly interest charge.
Each month: pay interest on every open balance → apply minimum + available extra to target → roll freed minimums forward
How to read your plan
Months to debt-free is the count from today if you never skip the extra payment. Target debt-free date converts that into a calendar month for planning — not a promise, because rate changes and new charges would shift it.
Payoff order lists the sequence accounts close. Total interest helps you see the cost of waiting to raise your extra payment. Compare two URLs with different extras to see how much another $50 per month moves the date.
If the plan never pays off, raise the payment on the debt where payment minus monthly interest is smallest (or negative). Switching from snowball to avalanche does not fix that problem.
- Pick a sustainable extra before optimizing order — a plan you abandon costs more than avalanche's interest savings.
- Update the permalink after each paid-off account instead of editing balances from memory.
- Use the consolidation compare tool only after a straight payoff plan shows a realistic end date.
When this tool fits your question
Use the planner when you already listed your debts and want one timeline with a fixed extra payment. Use snowball vs avalanche when you are still deciding order and want both interest totals side by side.
Bad-news results should send you to when-the-plan-does-not-work — not to a mortgage application. Good results may mean it is worth running DTI if a home purchase is on the horizon.
Worked example with your current inputs
Strategy selected: avalanche. With $200 extra per month, debt-free in 3y 2m (December 2029).
Total interest over the plan: $5,833. Payoff order: Card A → Card B → Personal loan.