Debt Elimination Calculator
Minimum on everything, maximum on one. See your month-by-month path out of debt.
Step 1: Debt List
| Debt | Type | Balance | APR % | Minimum | Action |
|---|---|---|---|---|---|
Total debt: $37,500 across 4 accounts
Minimum payments required: $820/mo
Step 2: Cash To Pay Debt
Total debt payment budget
$920/mo
Step 3: Debt Repayment Strategy
Avalanche pays the highest APR first for the best interest savings.
Your Answer
Estimated debt-free date (Avalanche)
July 2030
Months left
50
Total paid
$45,632
Minimum-only vs your plan
Minimum only
May 2035
Your plan
July 2030
You finish 4y 10m sooner and avoid $7,283 in interest.
Month-by-Month Timeline
| Debt | M0 | M1 | M2 | M3 | M4 | M5 | M6 | M7 | M8 | M9 | M10 | M11 | M12 | M13 | M14 | M15 | M16 | M17 | M18 | M19 | M20 | M21 | M22 | M23 | M24 | M25 | M26 | M27 | M28 | M29 | M30 | M31 | M32 | M33 | M34 | M35 | M36 | M37 | M38 | M39 | M40 | M41 | M42 | M43 | M44 | M45 | M46 | M47 | M48 | M49 | M50 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Credit Card A | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $390 | $400 | $400 | $400 | $400 | $400 | $400 | $256 | ✓ Paid | — | — | — | — | — | — | — | — | — | — | |
| Auto Loan | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $380 | $524 | $780 | $469 | ✓ Paid | — | — | — | — | — | — | — | — | |
| Medical Debt | $90 | $90 | $90 | $90 | $90 | $90 | $90 | $90 | $90 | $90 | $90 | $90 | $90 | $90 | $90 | $90 | $90 | $90 | $90 | $90 | $90 | $90 | $90 | $90 | $90 | $90 | $90 | $90 | $90 | $90 | $90 | $10 | ✓ Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Student Loan | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $451 | $920 | $920 | $920 | $920 | $920 | $920 | $920 | $920 | $552 |
Tip: scroll horizontally to view all months.
Assumptions: fixed APR, no late fees, no new borrowing, and all extra payment is redirected to the current priority debt each month.