Debt Freedom Calculator

Visualize your path to financial freedom with the snowball or avalanche method

Payment Strategy

$
Min: $9,724.70

Debt Summary

Total Debt
$1,308,705.82
Min. Payments
$9,724.70per month
Total Interest
$675,196.41
Debt-Free In
17 years 1 monthJanuary 2043

Your Debts

CreditorType
APR %
Min. Payment
Balance
Barclay hiCredit Card23.74%$250.00$7,537.00
Wells FargoCredit Card22.00%$182.00$8,105.00
WF BLOCPersonal Loan16.25%$226.00$9,915.84
BarclayCredit Card3.99%$305.00$21,396.00
SBA VeroOther3.75%$414.00$76,339.08
BHG DecPersonal Loan14.84%$1,282.00$79,955.00
BHG JunePersonal Loan11.59%$1,156.62$81,749.00
Third FederalHELOC6.49%$2,228.08$295,855.40
SBA NicoOther3.75%$3,681.00$727,853.50

Payoff Schedule

Barclay hi$7,537.00 @ 23.74%
Interest Paid$4,043.31
Time to Payoff3 years 11 months
#1
Wells Fargo$8,105.00 @ 22%
Interest Paid$6,910.74
Time to Payoff5 years 2 months
#2
WF BLOC$9,915.84 @ 16.25%
Interest Paid$5,206.18
Time to Payoff5 years 4 months
#3
Barclay$21,396.00 @ 3.99%
Interest Paid$2,912.81
Time to Payoff5 years 9 months
#4
SBA Vero$76,339.08 @ 3.75%
Interest Paid$20,075.86
Time to Payoff9 years 10 months
#5
BHG Dec$79,955.00 @ 14.84%
Interest Paid$73,903.99
Time to Payoff9 years 11 months
#6
BHG June$81,749.00 @ 11.59%
Interest Paid$56,358.57
Time to Payoff10 years
#7
Third Federal$295,855.40 @ 6.49%
Interest Paid$179,807.44
Time to Payoff12 years 10 months
#8
SBA Nico$727,853.50 @ 3.75%
Interest Paid$325,977.52
Time to Payoff17 years 1 month
#9
Results are estimates based on fixed rates and payments. Actual results may vary based on your lender's terms.Inspired by Vertex42's Debt Reduction Calculator