Debt Avalanche Calculator

With the traditional way of paying, you will pay off all your debts in 85 months (Jan, 2032) which will cost you $14,267.18 in total interest payments. By following the debt avalanche method, you can payoff all your debts in 30 months (Jun, 2027) and save $5,529.77 in interest payments. The debt avalanche method states that you should pay off your debt starting with the highest interest rate, and then second highest, until all your debt and loans are paid off.