Minimum only
49 months
$4,959 estimated interest if no extra payment is used.
Debt strategy assumptions
Mar 2029
Debt-free date
$3,352
Total interest paid
$3,685
Other strategy interest
$333
Interest difference
Debt strategy scenarios
Current plan
34 months
$3,352 interest with $250 extra per month.
Refinance test
33 months
Caps rates at 8% before fees. Interest changes by -$212 after transfer fee.
Income stress
36 months
20% lower extra payment extends timeline by 2 months.
Risk flags
Balance transfer/refinance fee may erase the interest saving.
Action plan
- 1. Keep total minimum payments of $640 automated before sending extra money to the active payoff debt.
- 2. Refinance does not beat the current plan under these assumptions.
- 3. A further extra $100 cuts the plan to 30 months.
Month-by-month payoff timeline
Debt-free countdown
34
Months remaining
2.8
Years remaining
Mar 2029
Estimated debt-free date
Interest cost breakdown
$8,959
Minimum-only interest estimate
$5,607
Extra payment interest saved
$50
Breakeven extra payment
Debt-by-debt payoff timeline
Full amortisation table: Credit card
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $410 | $293 | $117 | $6,107 |
| 2 | $410 | $298 | $112 | $5,809 |
| 3 | $410 | $303 | $107 | $5,506 |
| 4 | $410 | $309 | $101 | $5,197 |
| 5 | $410 | $315 | $95 | $4,882 |
| 6 | $410 | $320 | $90 | $4,562 |
| 7 | $410 | $326 | $84 | $4,235 |
| 8 | $410 | $332 | $78 | $3,903 |
| 9 | $410 | $338 | $72 | $3,564 |
| 10 | $410 | $345 | $65 | $3,220 |
| 11 | $410 | $351 | $59 | $2,869 |
| 12 | $410 | $357 | $53 | $2,511 |
| 13 | $410 | $364 | $46 | $2,147 |
| 14 | $410 | $371 | $39 | $1,777 |
| 15 | $410 | $377 | $33 | $1,399 |
| 16 | $410 | $384 | $26 | $1,015 |
| 17 | $410 | $391 | $19 | $624 |
| 18 | $410 | $399 | $11 | $225 |
| 19 | $229 | $225 | $4 | $0 |
Interest saved comparison
$3,685
Snowball interest paid
$3,352
Avalanche interest paid
34
Snowball months to debt-free
34
Avalanche months to debt-free
Avalanche saves $333 in interest.
What-if scenarios
Extra $100
30 months / saves $392
Extra $200
27 months / saves $655
Extra $500
21 months / saves $1,272
At minimum payments, Credit card clears in 73 months and costs $5,241 in interest.
At minimum payments, Personal loan clears in 57 months and costs $2,785 in interest.
At minimum payments, Car finance clears in 41 months and costs $934 in interest.
Payoff order
- 1. Credit cardJan 2027
- 2. Personal loanApr 2028
- 3. Car financeMar 2029