CalcYard / Personal Finance

Debt Avalanche Calculator

Avalanche = attack the highest APR first; mathematically the cheapest payoff order.

Example: Highest-APR debt balance: $5,500 · Its APR: 27% · Its minimum payment: $120 · Extra you can pay monthly: $300 → Paid off in: 1 year, 4 months.

  • Interest paid: $1,089
  • Interest saved vs minimums only: huge — minimums never pay it off