Debt Payoff Calculator – Compare Snowball, Avalanche & More to Get Debt-Free Faster

Create a Personalized Debt Payoff Plan

Paying off debt doesn’t happen by accident—it requires discipline, focus, and a solid plan. Some people stumble upon the right method, but many try an approach that doesn’t fit their lifestyle and get discouraged. The key to success? Finding the best payoff strategy for your unique situation.

Compare 6 Debt Payoff Strategies in Minutes

With our Debt Payoff Calculator, you can quickly evaluate different strategies:
✅ Minimum payments only
✅ Fixed payment strategy (keeping your current payment size)
✅ Debt Snowball method (smallest balance first)
✅ Debt Avalanche method (highest interest first)
✅ Debt consolidation (combining loans)
✅ Snowball + Consolidation (a hybrid approach)

For each method, you’ll see:
✔️ Time to pay off your debt
✔️ Monthly payment breakdown
✔️ Total interest paid
✔️ Your average loan interest rate
✔️ APR needed for a worthwhile consolidation

And the best part? You can do all of this in just a few minutes!


How to Use the Debt Payoff Calculator

  1. Enter your debts – Include all loans you want in your payoff plan (credit cards, personal loans, student loans, auto loans, etc.).
  2. Input details – Add the balance, minimum monthly payment, and interest rate for each debt.
  3. Extra payments – If you have extra money to put toward debt, enter that amount.
  4. Click “Calculate All Methods” – Instantly compare different strategies.

Understanding Your Debt Payoff Results

📊 The graph will show how long it takes to get out of debt using each method.

  • Minimum Payments Only (Red Line) – This keeps you in debt the longest, often for 10+ years.
  • Fixed Payment Strategy (Blue Line) – By keeping payments steady, you accelerate payoff—especially for credit cards.
  • Debt Consolidation (Purple Line) – A single fixed-rate loan simplifies payments and may lower monthly costs.
  • Snowball & Avalanche Methods – Both get you out of debt faster, but Avalanche saves more on interest if you have high-rate loans.
  • Snowball + Consolidation – Combining these strategies can cut months off your payoff time and save thousands in interest.

Example:
Let’s say you have $18,000 in debt with a mix of credit cards and personal loans. By combining consolidation with the Snowball method, you could save $1,700 in interest and become debt-free 2 months sooner!


Is Debt Consolidation Right for You?

If you’re considering debt consolidation, check the calculator’s APR recommendation. You typically need a consolidation loan with an interest rate 2-3% lower than your current debt for it to be beneficial.

💡 Pro Tip: You don’t have to consolidate all your debt! If some loans have low rates already, just consolidate the high-interest ones.

🔎 Want to see what loan offers you qualify for? Click the button in the calculator to check rates from 40+ lenderswith no impact on your credit score.


Get Started with the Debt Payoff Calculator

You can access the calculator at TheYukonProject.com. Just scroll down the homepage and click on the Debt Calculator to start your personalized plan.

💪 You CAN become debt-free! Stay committed, work the plan, and take control of your finances.

📢 Share your tips! Have other strategies that helped you pay off debt? Leave a comment below—your experience could help someone else.

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Jonathan Walker