Compare payoff order, debt-free date, interest saved, months saved, and balance burn-down.
Credit card
Car loan
Personal loan
Months to debt-free
31
Interest earned
$3,363
Monthly payoff cash
$1,000
Payoff order
Personal loan → Credit card → Car loan
AI-style insight
This payoff plan takes about 31 months and puts $1,000 per month toward debt. The next best move is consistency: avoid new balances while the extra payment rolls forward.
What this means: this is a rule-based planning note, not personalized financial advice.
Add multiple debts, choose snowball or avalanche, and apply extra monthly payments until every balance reaches zero.
Core formula
Each month: balance grows by monthly interest, then payments reduce the balance. Extra cash rolls to the next debt after payoff.
Someone paying an extra $300 per month can often shorten debt payoff by months or years depending on rates.
FAQ
Snowball prioritizes small balances for motivation. Avalanche prioritizes high rates for interest savings.
This MVP supports three sample debt rows to keep the interface fast and focused.
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