Debt Repayment

Pay off debt faster.
Without wasting money on interest.

Interactive calculators to understand the true cost of debt, compare repayment strategies, and see how your choices matter.

Credit Card Interest Calculator

See exactly how long it takes to pay off a balance — and how much extra you pay in interest.

Current balance$3,000
Interest rate (APR)19.99%
Monthly payment$90/mo
AT YOUR PAYMENT OF $90/MO
50 months
(4yr 2mo)
Total interest paid$1,500
Total amount paid$4,500
Monthly interest charge$50
At minimum payment only109 months
Pay Debt vs Invest
Debt balance$15,000
Debt interest rate19.99%
Extra monthly cash available$500/mo
Expected investment return7%/yr
Time horizon5 years
RECOMMENDATION
✓ Pay debt first
Your debt rate (19.99%) exceeds your expected return (7%). Paying down debt is a guaranteed 19.99% return.
Interest saved by paying debt (5yr)$7,496
Investment growth if you invest instead (5yr)$35,796
Advantage$28,300 pay debt
Avalanche vs Snowball
🏔
Avalanche Method
Mathematically optimal

Pay minimums on all debts. Put every extra dollar toward the highest interest rate first. You pay the least total interest of any strategy.

⛄
Snowball Method
Psychologically powerful

Pay minimums on all debts. Put every extra dollar toward the smallest balance first. Quick wins build momentum.

Your debts — sorted by each method
🏔 Avalanche order (highest rate first)
1
Credit Card A
$3,200 · 22.99% interest
ATTACK FIRST
2
Credit Card B
$1,800 · 19.99% interest
3
Student Line of Credit
$12,000 · 8.45% interest
4
Car Loan
$8,500 · 6.9% interest
⛄ Snowball order (lowest balance first)
1
Credit Card B
$1,800 · 19.99% interest
ATTACK FIRST
2
Credit Card A
$3,200 · 22.99% interest
3
Car Loan
$8,500 · 6.9% interest
4
Student Line of Credit
$12,000 · 8.45% interest
🎯 Debt repayment strategies
The Avalanche Method

Pay minimums on everything, attack the highest interest rate first.

✓ Pro
Mathematically optimal — you pay the least total interest
⚠ Con
Psychologically slower — you don't see quick wins early
💡 Best if you're motivated by numbers and have high-interest debt (credit cards)
The Snowball Method

Pay minimums on everything, attack the smallest balance first.

✓ Pro
Psychologically powerful — you eliminate debts fast and gain momentum
⚠ Con
You pay more total interest if rates vary widely
💡 Best if you need motivation and quick psychological wins
The Hybrid Approach

Pay minimums, but prioritize high-interest debt while knocking out small balances first.

✓ Pro
Balances speed (snowball) with cost efficiency (avalanche)
⚠ Con
Requires more manual tracking
💡 Best if you want momentum and efficiency