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Fort McClellan Credit Union
Interactive Tool

Debt Payoff Planner

List what you owe and we'll show you the fastest way out, and what a little extra each month is really worth. Compare the two payoff methods side by side, then see where Fort McClellan may be able to help.

Add each balance you're paying down. You'll find the rate and the minimum payment on your latest statement, estimates are fine to start. Comparing a consolidation? See Fort McClellan’s current rates →

Anything you can put toward debt on top of the minimums. This is the number that moves your payoff date, try a few.

Not sure what you can spare? The Budget Builder works out what's left over after your bills.

Both methods pay every minimum every month. The difference is where the extra goes.

Avalanche attacks the highest rate first. It always costs the least in interest.
This is an estimate. It assumes your rates and minimum payments stay the same, that you make every payment on time, and that you add no new debt. Real statements vary. Many card minimums shrink as the balance falls, which makes payoff slower than shown here. Use for planning only.

Your Payoff Plan

Debt-free in ,
Total interest , on top of what you borrowed
Total paid , principal & interest

Add a debt to see your payoff plan.

Learn more
Snowball vs. Avalanche, Which Is Right for You? → When Consolidating Debt Actually Helps → How Paying Down Debt Moves Your Credit Score →

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Content on this site is for educational purposes only and does not constitute financial advice. No rates or fees are published here. See www.fortmcclellancu.org for current rates and terms.