Conscious Finance
Debt Payoff Calculator
Enter your debts and compare the snowball and avalanche payoff methods side by side. See exactly how long it takes to become debt-free and how much interest each method costs you.
Debt Name
Balance ($)
Rate (%)
Min. Payment ($)
How the Payoff Simulation Works
Each month, this calculator applies the minimum payment to every debt, then directs all extra payment toward the priority debt (lowest balance for snowball, highest rate for avalanche). When a debt is eliminated, its minimum payment is automatically rolled into the extra payment pool — this is the "snowball" or "avalanche" effect that accelerates payoff over time.
Interest is calculated monthly (annual rate ÷ 12) on the remaining balance. The simulation runs month by month until all balances reach zero, giving you an accurate picture of your true payoff timeline under each strategy.