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Payoff methods
How debt payoff calculators work, step by step
The month-by-month loop behind a debt payoff calculator: adding interest, subtracting a payment, and rolling any extra to the next target.
Money decisions, made clearer.
Payoff methods
Compare repayment approaches with clear assumptions and worked examples.
Payoff methods articles
46 articlesPayoff methods
Why two payoff calculators give different dates
The hidden assumptions, like a fixed payment versus a shrinking minimum, that make two debt calculators produce very different payoff dates.
Payoff methods
What "interest saved" means in a payoff plan
Why an "interest saved" figure only means something next to a stated baseline, and how to calculate your own honestly.
Payoff methods
Avalanche with a tiny balance: clear it or stay?
Whether to detour from strict Avalanche order to clear a tiny balance first, and what that detour actually costs in extra interest.
Payoff methods
A payoff plan when you have only one debt
Why a payoff order doesn't apply with a single debt, and how adjusting your payment amount is the only real lever you have.
Payoff methods
Payoff order when one debt has a co-signer
Why a co-signed debt can deserve priority regardless of its rate, since a missed payment puts another person's credit at risk too.
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