YOUR DEBT TOOLKIT
Give your debt a finish line
Compare payoff strategies and loan offers using both monthly payments and the total cost of getting debt-free.
Map the balances you have
Start with each balance, interest rate, and minimum payment. Compare avalanche and snowball plans using the same monthly budget.
Debt Payoff Calculator →Look beyond a lower payment
A consolidation offer may lower your monthly bill by extending repayment. Compare its interest and fee with your current plan before treating the difference as a saving.
Debt Consolidation Calculator →Check the promotional deadline
For a balance transfer, include the transfer fee and the rate after the promotion. Test a payment you can sustain through the whole timeline.
Balance Transfer Calculator →A worked example
Moving $10,000 into a 0% loan with a 3% fee added to the balance creates a $10,300 loan. Over 20 months, the payment is $515. The loan still costs $300 even though its interest rate is zero.
Further reading: CFPB: understanding debt consolidation
Explore the full toolkit
Loan Comparison Calculator
Compare two fixed-rate loan offers by monthly payment, interest, upfront fees, and total repayment.
Debt Consolidation Calculator
Compare current debt with a consolidation loan, including its fee, payment, term, and total interest.
Debt Payoff Calculator
Compare the avalanche and snowball methods across your actual debts, and see how much the extra payment you can afford really buys you.
Credit Card Payoff Calculator
See how long minimum payments really take and what they cost, against paying a fixed amount instead. The difference is usually years and thousands.
Balance Transfer Calculator
Weigh a 0% transfer offer against staying put, counting the up-front fee and what happens to anything left when the promotional rate ends.