Payoff Plan: $30,000 in 36 Months
Debt Balance
$30,000
Payoff Target
36 months
Required Monthly Payment by Interest Rate
0% (no interest)
$833/mo
6% APR
$913/mo
+$2,868 interest
12% APR
$996/mo
+$5,856 interest
18% APR
$1,085/mo
+$9,060 interest
24% APR
$1,177/mo
+$12,372 interest
29.99% APR
$1,273/mo
+$15,828 interest
Debt Payoff Strategies
Avalanche method: pay minimums on all debts, throw extra money at the highest-rate debt first. Mathematically optimal — saves the most interest. Snowball method: pay off smallest balances first for psychological wins. Research shows snowball leads to better follow-through for most people despite costing slightly more in interest.