Debt payoff calculator

如何使用Debt payoff calculator

它计算什么，何时使用

Compares the snowball 和 avalanche methods across several debts、showing your debt-free 日期, 利息 有薪、which debts are cleared. 的 the order

使用步骤

1. List 每件 debt with its 余额、利息 利率、最小值 payment.
2. 第 Enter the extra money you can pay each mon 次.
3. Choose avalanche (highest 利率 first) 或 snowball (smallest 余额 first).
4. Compare the 结果.

各输入项的含义

• 余额, 利率 %, 最小值 – For 每件 debt.
• Extra – Added 至 the minimums 和 aimed 以 the 目标 debt.
• Method – Decides which debt receives the extra money.

如何阅读结果

• Debt-free 英寸 – 个月 直到 all balances are zero.
• 利息 – 总计 interest件each method and件minimum payments only.
• 排序 – When 每件 debt 是 cleared.

公式

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

计算示例

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

假设与局限

• Rates are fixed 和 no new debt 是 added.
• Minimums 操作 not 变化 as balances fall.

常见错误

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

常见问题

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