Debt Avalanche Calculator with Rolling Payments & Fixed Total Payment

Quick Guide: Understanding Your Debt Avalanche

• The Debt Avalanche method prioritizes paying off debts with the **highest interest rates first**. This strategy aims to **minimize the total interest you pay** over the life of your debts, saving you money in the long run.
• This calculator will produce an **estimated payment schedule**, showing how your fixed total monthly payment (your minimums plus any extra overpayment) is allocated to each debt. As one debt is paid off, the payment amount for that debt is "rolled" into the next highest-interest debt, accelerating your payoff.
• **Please note:** This calculator provides **guidance only** and is not financial advice. It is your responsibility to ensure all minimum payments on your debts are met, regardless of the projected schedule here. Interest rates can change, and unforeseen circumstances may impact your ability to pay. Always refer to your official statements for precise figures and due dates.
• Results are based on the information you input and assume consistent payments. Small discrepancies may occur due to rounding or specific lender calculations.

Take control of your debt, understand your payoff journey, and see your potential savings!