Debt Avalanche Calculator

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Paid on top of the minimums, all aimed at the highest-APR debt.
Currency
Time to debt-freeDebt-free in 1-3 years
35months
Debt-free dateJul 2029
Total interest paid$4,988
Total amount paid$29,988
Total balances$25,000
Weighted average APR14.8%
Interest saved vs minimums$9,268
Months saved vs minimums52months
Interest saved vs snowball$493
Avalanche payoff order1. Debt 1 (24.9% APR) -> 2. Debt 2 (18.5% APR) -> 3. Debt 3 (6.5% APR)

Debt-free by Jul 2029 (35 months, 2 yr 11 mo), with 4,988 paid in interest.

  • Pay minimums on every debt, then aim every spare dollar at the top of the order: 1. Debt 1 (24.9% APR) -> 2. Debt 2 (18.5% APR) -> 3. Debt 3 (6.5% APR).
  • The highest-APR debt is killed first, so each extra dollar wipes out the most expensive interest.
  • Versus paying only the minimums, this avalanche plan saves about 9,268 in interest and 52 months.
  • It also beats the debt snowball (smallest balance first) by about 493 in interest here.

Next stepWhen the first debt clears, roll its whole payment onto the next debt in the order, do not slow down.

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