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Debt payoff calculator

Compare avalanche vs snowball on your CAD balances, APRs, and extra payment — months to debt-free and total interest.

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CAD illustration of stated APRs — not credit, lending, or financial advice. Ignores fees, due dates, and credit-score effects.

Debt 1
Debt 2
Payoff method

Convention: interest is added monthly at APR/12, then you pay every minimum plus any extra. Extra (and freed minimums after a debt is cleared) go to the focus debt. Avalanche attacks highest APR first; snowball attacks smallest opening balance first. Order is not re-sorted each month.

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Once the extra payment is free, see what it could grow to.

This calculator is for illustration only and is not tax, legal, or financial advice. Confirm figures with the CRA or a qualified advisor before you act.

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