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See how long debt payoff could take and what changes if you pay extra each month.
Last reviewed by FinSync LLC
Who this is for
People paying down debt and trying to understand how long it will take.
What to type in
Your debts, their rates and minimums, your payoff method, and any extra payment.
Start with the assumptions, then use the interpretation below to compare tradeoffs without bouncing between sections.
| name | balance | minimumPayment | annualRatePct | Actions |
|---|---|---|---|---|
Debt plan
On this plan, you pay about $4,591.24 in interest and $22,591.24 in total.
Total interest
$4,591.24
Total paid
$22.6K
Interest saved
$16.2K
$16,172.39 is the interest you save versus sticking to minimum payments.
Your extra payment of $150.00 is what speeds up the timeline.
The avalanche strategy controls which balance gets the extra money first.
If the payoff timeline is still too long, increasing the extra payment usually matters more than small APR differences.
Use avalanche to minimize interest, or snowball if fast wins are what keep you consistent.
Remaining balance timeline
| Month | Remaining balance |
|---|---|
| 1 | $17.8K |
| 2 | $17.6K |
| 3 | $17.3K |
| 4 | $17.1K |
| 5 | $16.9K |
| 6 | $16.6K |
| 7 | $16.4K |
| 8 | $16.1K |
| 9 | $15.9K |
| 10 | $15.6K |
| 11 | $15.4K |
| 12 | $15.1K |
| 13 | $14.8K |
| 14 | $14.6K |
| 15 | $14.3K |
| 16 | $14.0K |
| 17 | $13.7K |
| 18 | $13.4K |
| 19 | $13.1K |
| 20 | $12.8K |
| 21 | $12.5K |
| 22 | $12.2K |
| 23 | $11.9K |
| 24 | $11.6K |
Showing first 24 of 56 rows
Calculators are useful for scenarios. BetterOff connects supported accounts so you can compare those assumptions with synced balances and transactions.
Connect a supported bank, brokerage, or exchange. Connections are read-only, encrypted, and cannot move money.
Use this if you want to understand how the calculator works, not just plug in numbers.
Step 1
Enter each debt balance, minimum payment, and APR.
Step 2
Choose avalanche or snowball strategy and set extra monthly payment.
Step 3
Compare payoff months, total interest, and timeline.
These cover the assumptions, tradeoffs, and edge cases behind the calculator.
Use the calculator for the math, then use these guides to make the decision with more confidence.
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Reviewed by FinSync LLC
Remaining balance by month (first 36 months)