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Decision reportDecision summary
Debt Payoff Strategy Calculator
Consolidation is recommended for the selected preference. Consolidation is cheapest, Avalanche is fastest, and Snowball is likely easiest to stick with.
Decision index
Consolidation
Recommended strategy
Key figures
Fastest strategy
AvalancheCheapest strategy
ConsolidationEasiest strategy
SnowballDebt-free date
2 years 10 monthsFindings snapshot
What deserves attention first
These signals are the strongest points to review before relying on the result.
The cheapest strategy is not pure avalanche here because balances, minimums, and lump sum timing change the result.
Snowball may be easier psychologically because it creates faster account closures.
Consolidation looks competitive, but only if no new high-rate debt is created afterward.
Status mix
Metric health
Green is healthier, yellow needs monitoring, and red needs action.
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Decision reportMetric dashboard
Relative strength of the main numbers
These bars compare the largest numeric signals in this report. Each value keeps its own unit, so use the chart as a visual guide rather than a like-for-like financial comparison.
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Decision reportMetric notes
What each result means
Each row explains the result in practical language and highlights whether it is healthy, worth watching, or needs action.
Fastest strategy
AvalancheHealthyEstimated debt-free timeline: 2 years 10 months. This shows how much the result changes if conditions become less favourable. It is marked healthy based on the entered assumptions.
Cheapest strategy
ConsolidationHealthyEstimated interest cost: $6,115. This shows how much the result changes if conditions become less favourable. It is marked healthy based on the entered assumptions.
Easiest strategy
SnowballWatchFavours early visible wins and lower behaviour friction. This shows how much the result changes if conditions become less favourable. It is marked watch based on the entered assumptions.
Debt-free date
2 years 10 monthsHealthyTimeline for the recommended strategy. This shows how much existing debt is affecting the result. Against the other key figures in this report, it is marked healthy.
Interest saved
$475WatchPotential saving versus the snowball path in this setup. This shows the longer-term cost, not just the monthly or short-term impact. Against the other key figures in this report, it is marked watch.
Consolidation timeline
2 years 10 monthsHealthyPayoff estimate if debts are consolidated at the entered rate. This is one of the main numbers behind the result. Against the other key figures in this report, it is marked healthy.
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Decision reportFindings
Plain-English interpretation
These findings translate the numbers into decision points.
The cheapest strategy is not pure avalanche here because balances, minimums, and lump sum timing change the result.
Snowball may be easier psychologically because it creates faster account closures.
Consolidation looks competitive, but only if no new high-rate debt is created afterward.
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Decision reportAction plan
What to do next
Recommended actions are based on the strongest signals in the result. Use them to decide what to check, change, or confirm.
Action 1
Review decision signal 1
- What it means
- The cheapest strategy is not pure avalanche here because balances, minimums, and lump sum timing change the result. Read this together with Fastest strategy (Avalanche) to see what is driving the result.
- Why it matters
- Estimated debt-free timeline: 2 years 10 months. This shows how much the result changes if conditions become less favourable.
- Next step
- Check one more conservative scenario, confirm the real figures, then decide whether to proceed, adjust the amount, or pause.
- Metric evidence
- Fastest strategy: Avalanche; Cheapest strategy: Consolidation; Easiest strategy: Snowball
Action 2
Review decision signal 2
- What it means
- Snowball may be easier psychologically because it creates faster account closures. Read this together with Cheapest strategy (Consolidation) to see what is driving the result.
- Why it matters
- Estimated interest cost: $6,115. This shows how much the result changes if conditions become less favourable.
- Next step
- Check one more conservative scenario, confirm the real figures, then decide whether to proceed, adjust the amount, or pause.
- Metric evidence
- Fastest strategy: Avalanche; Cheapest strategy: Consolidation; Easiest strategy: Snowball
Action 3
Reduce pressure before committing
- What it means
- Consolidation looks competitive, but only if no new high-rate debt is created afterward. Read this together with Easiest strategy (Snowball) to see what is driving the result.
- Why it matters
- Favours early visible wins and lower behaviour friction. This shows how much the result changes if conditions become less favourable.
- Next step
- Check one more conservative scenario, confirm the real figures, then decide whether to proceed, adjust the amount, or pause.
- Metric evidence
- Fastest strategy: Avalanche; Cheapest strategy: Consolidation; Easiest strategy: Snowball
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Decision reportScenario inputs
Values used in the calculation
These inputs are the basis of the report. If any value changes, regenerate the report before relying on the result.
Credit card balance
Highest-friction revolving debt.$8,500Credit card rate
Annual credit card rate.19.90%Credit card minimum
Current monthly minimum payment.$220Personal loan balance
Personal loan or buy-now-pay-later balance.$16,000Personal loan rate
Annual rate on this debt.11.50%Personal loan payment
Current monthly payment.$420Car or other debt
Another major debt balance.$21,000Car or other rate
Annual rate on the third debt.8.20%Car or other payment
Current monthly payment.$510Fixed extra repayment
Extra monthly amount available for payoff.$350One-off lump sum
Optional one-off payment available now.$2,000Payoff preference
Choose how the recommended strategy should be selected.BalancedInclude consolidation option
Choose whether to compare a consolidation loan path.YesConsolidation rate
Potential consolidation loan rate.9.50%Assumptions
How to read the result
- The model compares three debts using minimum payments plus one flexible extra repayment.
- Lump-sum payments are applied immediately according to the chosen strategy.
- The behavioural score favours strategies that create early visible wins.
Professional note
Before acting
This report is a decision-support summary based on the assumptions entered. It is not financial, tax, lending, or legal advice. Confirm product terms, fees, tax treatment, and policy settings before making a financial commitment.
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Decision reportTerms explained
Key terms used in this report
These definitions explain finance terms and strategies that appear in the result.
Avalanche
A debt payoff strategy that targets the highest interest rate debt first. It is usually the cheapest method because it reduces expensive interest faster.
Snowball
A debt payoff strategy that targets the smallest balance first. It may cost more than avalanche, but early wins can help people stay motivated.
Hybrid
A blended payoff strategy that considers both interest cost and motivation. It aims to balance savings with a plan that is easier to follow.
Consolidation
Combining multiple debts into one loan or repayment. It can simplify payments, but it only helps if the new rate, fees, and spending behaviour improve the overall plan.
Debt-free date
The estimated time until the debt balance reaches zero under the selected repayment strategy.