Debt Payoff Calculator (EUR)
Your Debts
| Name | Balance | Interest Rate | Min. Payment | Actions |
|---|---|---|---|---|
| Credit Card | 5.000,00 € | 18.99% | 150,00 € | |
| Car Loan | 15.000,00 € | 4.5% | 300,00 € | |
| Student Loan | 25.000,00 € | 3.2% | 200,00 € | |
€0€100€1,000
Debt-Free Date
December 2030
68 months (5 years, 8 months)
Total Payment
50.586,15 €
Principal: 45.000,00 €
Interest Cost
5.586,15 €
12.4% of principal
Debt Payoff Order
| Payment Order | Debt | Payoff Date | Total Months | Interest Paid |
|---|---|---|---|---|
| 1 | Credit Card 5.000,00 € | May 2027 | 25 | 1.059,31 € |
| 2 | Car Loan 15.000,00 € | September 2028 | 41 | 1.398,18 € |
| 3 | Student Loan 25.000,00 € | December 2030 | 68 | 3.128,67 € |
💡 Debt Payoff Strategy Tips
- Avalanche Method: Paying highest interest first saves you 0,00 € in interest
- Snowball Method: Paying smallest balances first provides psychological wins
- Adding just 50,00 € more to your monthly payment would save approximately 446,89 € in interest!
- If you made no extra payments, you'd be in debt for approximately 102 months and pay 8.937,84 € in interest.