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Free payoff planner

Which debt should go first?

Enter your debts and an extra monthly amount. We'll compare three payoff strategies instantly — right in your browser. Nothing you type here is saved or sent anywhere.

Your debts

We've filled in an example. Edit it or replace it with your own numbers.

Compare my plans

When each balance hits $0

Numbers match the payoff order below

Highest Interest First: balances reach $0 in months 12, 18, 24, 30. Smallest Balance First: balances reach $0 in months 3, 15, 25, 30. Quick-Win Hybrid: balances reach $0 in months 3, 18, 25, 30.

LOWEST COST

Highest Interest First

Targets the most expensive APR first

Debt-free in2 yr 6 mo
Debt-free byMay 2029
Total interest$3,020
  1. Medical billMonth 12
  2. Store cardMonth 18
  3. VisaMonth 24
  4. Car paymentMonth 30
LOWEST COST

Smallest Balance First

Clears the smallest balance first for fast wins

Debt-free in2 yr 6 mo
Debt-free byMay 2029
Total interest$3,329
  1. Medical billMonth 3
  2. VisaMonth 15
  3. Store cardMonth 25
  4. Car paymentMonth 30
LOWEST COST

Quick-Win Hybrid

Quick wins first, then highest APR

Debt-free in2 yr 6 mo
Debt-free byMay 2029
Total interest$3,121
  1. Medical billMonth 3
  2. Store cardMonth 18
  3. VisaMonth 25
  4. Car paymentMonth 30

Highest Interest First costs the least in interest — about $309 less than Smallest Balance First. Smallest Balance First gets you your first payoff fastest (month 3). Many people stay more motivated with early wins — pick the plan you'll actually stick with.

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Estimates assume fixed APRs, monthly compounding, on-time payments, and no new charges. Results are educational and not financial advice. Your lenders' actual terms may differ.