Free Debt Payoff Calculator

FREE TOOL

Built for Canadians. Add your debts, pick a strategy, and see your debt-free date.

1 · Your debts

2 · Extra payment

Extra toward debt each month, on top of minimums ($ CAD)

Even $100 extra a month can shave years off a payoff plan.

3 · Payoff strategy

Hybrid — quick win first, then math
Knock out the smallest balance for momentum, then attack the highest rate. The Bagofcents method.

Snowball — smallest balance first
Fastest early wins. Great if motivation is the hard part.

Avalanche — highest rate first
Mathematically cheapest. Fewest dollars lost to interest.

4 · Your payoff plan

Debt-free in –

That’s –.

Total interest–

Total you’ll pay–

Payoff order

#	Debt	Cleared	Interest

Estimate only — assumes rates and minimums stay fixed and no new borrowing. For education, not financial advice. Numbers in $ CAD.

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Happy Budgeting!

Stanley

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