Debt Freedom Calculator
See when you'll be 100% debt-free, and which strategy gets you there fastest.
Inputs
How it works
We simulate both avalanche and snowball strategies month-by-month and recommend whichever finishes with less total interest paid.
Frequently asked questions
What's the best strategy?
Avalanche minimizes interest mathematically; snowball maximizes motivation. We recommend whichever costs less in interest for your specific debts.
What if I can pay extra?
Every extra dollar moves your freedom date closer. Try the slider to see the impact.
Should I refinance first?
If you can drop your blended rate noticeably with a personal loan or balance transfer, do that first.
Are credit-counseling agencies useful?
Nonprofit ones (NFCC) can negotiate lower rates and set up debt-management plans, but read the fine print.
How can I stay debt-free after?
Keep an emergency fund and don't carry credit-card balances month-to-month. Use cards as a payment tool, not a borrowing tool.