Debt Information:

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How much will it cost me?

See how much extra you'll pay under the different repayment stratagies.

Your current loan pile requires you to pay .
Additional Payment:
How much extra could you spare towards paying off these debts?

Total Amount Paid:
Making Minimal Payments Only:
Snowball MethodDave Ramsey's snowballing method of debt repayment looks to build momentum by paying off small balances first. Buy focusing on the small balance debts first, you give yourself some quick wins which can help keep you motivated, all while building momentum to pay off all your debts quickly.:
Highest InterestThe mathmatically optimal approach to debt repayment is to pay off the highest interest debts first.:
Split Evenly:

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About the Debt Pile Annihilator

Have multiple debts you'd like to get ride of, but are unsure how best to go about it? The Debt Pile Annihilator shows you trade off between different debt repayment strategies.

The Debt Pile Annihilator calculates the expected total payment by paying off the loan with the smallest principle first (Dave Ramsey's snowball method utalizing psychological rewards to keep you on track), the largest interest first (mathmatically optimal method), and splitting extra payments evenly between the loans. The Debt Pile Annihilator also shows you how the minimal payment stratagy compares for a frame of reference. Pay off your debts as quickly (and as cheaply) as possible.

Enter the information about each loan/debt above to get started. To see how the different stratagies compare, click the "Payment Stratagies" tab. Financial information is not stored on our server

How are fractions of a penny calculated? As a typical in banking, when calculating the monthely payment fractions of a penny are rounded up to the nearest whole penny. As a result, the final payment may be as much as a couple dollars less, depending on the length of the loan. This ensures the loan will be paid in full, and on time. The alternative - rounding to the nearest penny - can result in a final payment that is slightly more than average or lengthening the term of the loan.