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Free Tool
Debt Payoff Planner
Compare your payoff order.
Add each debt, its current APR, and its required minimum payment. Estimates update as you enter your information.
Your privacy matters. Your numbers stay on your device. Chapter & Changes does not collect or store the financial information you enter into this planner.
Debt Snapshot
Your payoff comparison
- Total Debt Balance
- $0.00
- Total Minimum Monthly Payments
- $0.00
- Extra Monthly Amount
- $0.00
- Number of Debts Entered
- 0
Smallest Balance First
Debt Snowball
This approach focuses extra payments on the smallest current balance first while maintaining minimum payments on the others.
Recommended payoff order
- Estimated payoff time
- --
- Estimated total interest
- --
Highest APR First
Debt Avalanche
This approach focuses extra payments on the highest-interest debt first while maintaining minimum payments on the others.
Recommended payoff order
- Estimated payoff time
- --
- Estimated total interest
- --
How these estimates are calculated
- APR is divided by 12 and interest is added once per simulated month.
- Your monthly payment budget stays equal to all entered minimum payments plus the extra monthly amount.
- Minimum payments are applied to active non-priority debts before the remaining budget is directed to the priority debt.
- When a debt is paid off, its former minimum payment remains in the payment budget and rolls to the next debt.
- Balances, interest, and payments are rounded to cents. No new charges, fees, rate changes, missed payments, or lender-specific rules are included.
- Estimates are withheld if the entered payment plan does not finish within 1,200 simulated months.