Multiple Debt Payoff Calculator
Enter each balance, fixed nominal annual rate and dollar minimum.
Your result
FINANCIALEnter your values and select calculate.
On this page How it works & practical examples
How to use the Multiple Debt Payoff Calculator
Enter each balance, fixed nominal annual rate and dollar minimum. Extra payments use either rate priority or smallest balance; unused funds from a final payment can move to another debt in the same month.
The calculation
Worked example
Balances $1,000 and $2,000 at 0% with a $300 total monthly budget clear in ten months.
Assumptions and limits
No new borrowing, fees or variable rates. Budget must cover active minimums and reduce aggregate debt; fixed minimums may differ from actual card contracts. Maximum 1,200 months.
Common questions
Which inputs should I use?
Enter each balance, fixed nominal annual rate and dollar minimum. Extra payments use either rate priority or smallest balance; unused funds from a final payment can move to another debt in the same month.
What does the result exclude?
No new borrowing, fees or variable rates. Budget must cover active minimums and reduce aggregate debt; fixed minimums may differ from actual card contracts. Maximum 1,200 months.