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Enter
Type the problem — numbers, a formula, or the loan fields.
List every balance, APR and minimum. Add extra you can pay. See whether avalanche or snowball gets you out cheaper — and how much minimums-only would waste.
Results appear here.
Type the problem — numbers, a formula, or the loan fields.
Press Calculate. The answer is computed on this page.
Use the explanation, chart or schedule to check the result.
The old page accidentally ran a median calculator. This one is an actual payoff planner.
Avalanche puts extra money on the highest APR after minimums. That usually burns the least interest. Snowball clears the smallest balance first so you collect quick wins. Both keep paying every minimum; freed minimums join the extra pool.
For a single new loan instead of several debts, use the consolidation tools on fintomat.com.
Monthly compounding, a constant budget equal to the sum of minimums plus your extra, no fees, no penalty APR, no new charges. If the budget cannot cover interest, the run hits the 600-month cap and warns you to raise extra.
No. Interest on the balances you enter, monthly.
No.
Avalanche usually costs less interest. Snowball may finish a small card sooner.