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Debt Reduction Calculator

Use this calculator to estimate your debt repayment schedule and see how different strategies can impact your payoff timeline.

Welcome to our free online debt reduction calculator. This calculator will show you how you can apply either the debt avalanche (paying the debt with the highest interest rate first) or the debt snowball (paying the smallest debt first). You can see how much interest you will pay and when each will be paid off. You will be surprised how much you can save by paying extra on your debts. Start your journey to being debt free by using the calculator below.

Debt #1

Debt #2

This amount will be added to your minimum payments to accelerate your payoff.

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Debt Reduction Calculator