Embedded tool

Debt Snowball Calculator

Estimate payoff time for three debts using a snowball payment.

Inputs

Change values

Running

Debt 1 balanceDebt 1 APRPercentDebt 1 minimumDebt 2 balanceDebt 2 APRPercentDebt 2 minimumDebt 3 balanceDebt 3 APRPercentDebt 3 minimumExtra monthly payment

Waiting to start

Output

Result

Ready

Estimated debt-free date: 2 yr 2 mo.

Payoff time2 yr 2 mo

Total interest$2,054.59

Debts modeled3

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