Debt payoff calculator

Your debts

Smallest balance first. Slower on paper, but a debt disappears sooner, which is why people stick with it.

On top of the minimums. It goes to whichever debt the method above is targeting, then rolls onto the next one as each clears.

Snowball against avalanche

Avalanche saves you $433 in interest. Snowball clears a debt sooner, which some people need to keep going.

This is one number. Cashrou keeps it true every payday.

The calculator assumes you pay the same amount every month. In the app the payoff plan takes its share of each paycheck alongside your bills and goals, so the date moves when your real life does.

Interest is monthly, on the balance

Each month the balance grows by the APR divided by twelve, then payments come off. That is how a card statement works, so the figures should match yours closely.

Minimums are treated as fixed

Real card minimums fall as the balance does. Holding them steady is the conservative assumption: your actual payoff will not be later than this.

Freed-up minimums roll forward

When a debt clears, its minimum joins the extra payment rather than disappearing into spending. That rolling amount is what makes either method work.

Nothing is stored

The whole calculation runs in this page. Close the tab and it is gone, because there is nowhere for it to go.