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Debt Avalanche Calculator

Inputs

How many separate debts do you have? Maximum 10.

Total amount you can pay toward all debts each month.

Current outstanding balance for first debt.

Annual percentage rate (APR) for first debt.

Minimum required payment if available funds run out.

Current outstanding balance for second debt.

Annual percentage rate (APR) for second debt.

Minimum required payment if available funds run out.

Current outstanding balance for third debt.

Annual percentage rate (APR) for third debt.

Minimum required payment if available funds run out.

Current outstanding balance for fourth debt.

Annual percentage rate (APR) for fourth debt.

Minimum required payment if available funds run out.

Results

Months to Debt Freedom
Time required to pay off all debts using the avalanche method
Years to Debt Freedom
Total Interest Paid
Sum of all interest charges across all debts
Total Amount Paid
Payoff Order (by interest rate)
First Debt Paid Off In
Interest Saved vs Minimum Payments
Formula
Payoff Timeline = Iterative monthly calculation; Total Interest = Sum of monthly interest charges; Interest Saved = (Interest at minimum payments) - (Interest at avalanche)
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