Debt Paydown Engine
See your payoff picture from your own numbers, and the monthly amount you free when the balances reach zero.
Educational purposes only. Not an offer or solicitation.
Your cards
Leave blank to use the default: the greater of 2 percent of the balance or 25 dollars. The active formula always shows below.
50 percent of this limit in use, high, 50 percent and above
Monthly amount
Strategy
Your three paths, side by side
| Months to payoff | Total interest from your inputs | |
|---|---|---|
| Snowball | 12 | $515.21 |
| Avalanche | 12 | $515.21 |
| Utilization First | 12 | $515.21 |
| Minimum payments only | 360 plus | $16,670.57 |
$16,155.36
Interest difference against minimum payments only
Payoff order this month: Card 1
Utilization picture
50 percent
Across all cards, high, 50 percent and above
Utilization is the share of your available limits you are using. Lower utilization is generally read as healthier credit use. This tool shows bands, not scores, because a score depends on many factors this tool cannot see.
The monthly amount you free
When these balances reach zero, the monthly amount you have been paying becomes yours to direct.
$500.00 monthly
available in 12 months from your inputs
Enter your own annual growth number to see what your freed monthly amount could become. This tool supplies no figure. The result is a calculation from your inputs, not an estimate of future performance.
Educational purposes only. Not an offer or solicitation.