Debt payoff calculator

Como usar a Debt payoff calculator

O que calcula e quando usar

Compares the snowball e avalanche methods across several debts, showing your debt-free Data, Juros Pagas e the order em which debts are cleared.

Como usar, passo a passo

1. List Cada debt with its Saldo, Juros Taxa e Mínimo payment.
2. Enter the extra money you can pay each mon.ª.
3. Choose avalanche (highest Taxa first) ou snowball (smallest Saldo first).
4. Compare the Resultados.

O que significa cada campo

• Saldo, Taxa %, Mínimo – For Cada debt.
• Extra – Added a the minimums e aimed A the Meta debt.
• Método – Decides which debt receives the extra money.

Como ler os resultados

• Debt-free pol. – Months até all balances are zero.
• Juros – Juros totais por each method and por minimum payments only.
• Ordem – When Cada debt é cleared.

A fórmula

Each month interest = balance × rate ÷ 12 é added, minimums are Pagas, e the remaining budget goes a the target debt. When a debt é cleared its minimum rolls into the next one.

Um exemplo prático

A credit card de 4,500 at 22.9%, a car loan de 9,000 at 7.5% e a store card de 1,200 at 29.9%, with 200 extra a month. You are debt-free em 2 years 4 meses e pay 2,115 interest, compared with 3 years 11 meses e 4,712 at the minimums, a saving de 2,596.

Premissas e limites

• Rates are fixed e no new debt é added.
• Minimums do not Variação as balances fall.

Erros comuns

• Not rolling a cleared debt’s payment into the next one.
• Paying only minimums on high-rate cards.

Perguntas frequentes

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