Canadian Debt Payoff Calculators
Compare snowball, avalanche, and settlement side-by-side with your real numbers.
How this debt payoff calculator works
Enter each debt's balance, interest rate and minimum payment, plus any extra you can pay each month. The calculator shows your debt-free date and total interest under the avalanche method (highest interest first — lowest total cost) and the snowball method (smallest balance first — fastest early wins). Nothing you enter is saved or sent anywhere.
Not sure which route fits? Try the consumer proposal calculator, read how to pay off credit card debt, compare a consolidation loan vs consumer proposal or consumer proposal vs bankruptcy.
Enter your debts
Your Debts
Total Debt
$24,500
Total Min Payment
$570/mo
Your payoff results
Snowball
51 mo
Interest paid: $7,222
Total cost: $31,722
Avalanche
51 mo
Interest paid: $7,222
Total cost: $31,722
Settlement
~24 mo
You save: $9,800
Total cost: $14,700
Balance over time
Live projection of your total balance each month. Settlement assumes ~52% negotiated + 8% fee over 24 months (illustrative — actual results vary).