Debt payoff planner
List what you owe, choose an order, and see the date it is gone — plus what the other order would have cost you.
Everything you owe
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This list is held in this browser only
A free account keeps your balances, so each time you come back the planner can show how far the payoff date has moved.
What you owe4 debts · $27,850
Balance owingRate
Store card
Minimum $58 a month
$
%
Credit card
Minimum $204 a month
$
%
Personal loan
Minimum $175 a month
$
%
Car loan
Minimum $310 a month
$
%
Extra a month
On top of the minimums
$
Debt free
29 months
That is 29 months of paying $1,147 a month — the minimums plus your extra.
Interest paid
$4,268
Total repaid
$32,118
Which order
Every spare dollar goes at the most expensive debt first, after every minimum is paid.
Minimums stay fixed; the extra is the only lever the reader controls.
The order they clear
Highest rate first. Minimums keep being paid on everything else.
01
Store card
$1,450 at 24.90%
4 months
Cleared
02
Credit card
$6,800 at 20.95%
15 months
Cleared
03
Personal loan
$5,400 at 13.90%
19 months
Cleared
04
Car loan
$14,200 at 9.45%
29 months
Cleared
What your numbers say
Both orders compared$245
is the difference in interest between the two orders. Highest-rate-first pays $4,268; smallest-balance-first pays $4,513. Same money in each month, different total out.
Same
month either way. When the smallest balance is also the dearest, the two orders agree and there is nothing to decide.
$1,147
goes into the payment pool each month: every minimum plus your extra, and a cleared debt's minimum stays in the pool.
24.90%
is the highest rate in the list. Interest is charged monthly at the annual rate divided by twelve.