Debt Payoff Calculator

Compare debt snowball and avalanche to see which route may reduce payoff time and interest based on your inputs and monthly budget.

For educational purposes. Estimated outcomes are not regulated financial advice.

Build your estimated payoff plan

You’re not behind. You’re building a practical plan based on your current numbers.

Get your payoff plan in under 2 minutes

For educational purposes. Results are estimated based on your inputs.

Debt 1

Debt nameExample: Credit card, personal loan, overdraft.Balance (£)Enter your current outstanding balance.APR (%)APR is your annual percentage rate from your statement.Minimum payment (£/month)The minimum monthly amount your lender requires.

Extra monthly payment you can add (£)Even a small extra amount could reduce interest and payoff time.

Important disclaimer

Payoff Compass provides educational tools and estimates. It is not regulated financial advice.

Based on your inputs, outcomes are estimated and may differ from lender calculations.

Enter your debts to compare snowball and avalanche side by side, with a clear estimate of time and interest.

Keep exploring payoff options

How to Pay Off Credit Card Debt
Use a practical framework to turn calculator outputs into a realistic payoff plan.
Balance Transfer Fee Guide
Understand promo periods, fee risk, and post-promo APR implications.
Snowball vs Avalanche explainer
Compare strategy trade-offs before committing to a repayment route.

Frequently asked questions

What is the difference between debt snowball and debt avalanche?+

Snowball targets the smallest balance first for momentum. Avalanche targets the highest APR first to reduce interest faster.

Are the results guaranteed?+

No. Results are estimates based on your inputs and assume consistent monthly payments.

Is this financial advice?+

No. Payoff Compass provides educational tools only and not regulated financial advice.