Debt Payoff Plan Calculator

Debt Payoff Plan Calculator

Snowball repayment strategies

130 ratings
70 reviews

Archived App (Last seen on 17 Jul 2026)

This is an archived listing of the app previously available on the App Store.

Although the app is no longer distributed by Apple, you can still view its description, screenshots, version history, ratings, and metadata for reference.

Details

  • Released
  • Updated
  • August 16, 2014
  • September 10, 2020

Features

Debt Payoff Plan Calculator screenshot #1 for iPhone
Debt Payoff Plan Calculator screenshot #2 for iPhone
Debt Payoff Plan Calculator screenshot #3 for iPhone
Debt Payoff Plan Calculator screenshot #4 for iPhone
iphone
ipad
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About

This app helps you pay off your debts faster by calculating optimal payment strategies. Choose from various methods like snowball or highest balance first, and visualize your progress with detailed schedules and graphs.

Debt repayment strategy calculator
Snowball method options
Highest balance first strategy
Detailed payment schedules
Debt payoff graphs
Strategy comparison
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What users say

See all reviews

What's New in Debt Payoff Plan Calculator

5.0

September 10, 2020

Version 5.0! -New UI and Additional Functionality! -Bug fixes and performance improvements!

More

User reviews

Hard to see

The colors on the app make it almost impossible for me to read certain boxes and I didn’t see an option to switch or adjust. Also I selected the snowball option for the pay schedule and it didn’t appear that it actually applied that. It just snowballed the extra money.

Only Two Issus

I luv the app. It’s good tool to have traveling down this road to becoming debt free. My issues are when I select ‘Lowest Balance First - Snowball’, it doesn’t auto arrange the accounts in that manner. Plus, #2, once I enter the accounts I can’t freely move them around. Other than that, I like it!!!
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Nice

Solid layout but if you have your phone in dark mode you’re going to have to switch to light mode to be able to see anything, I wish they had that option directly through the app but you have to go to your phones settings for iPhones not sure if it’s the same for android

Incorrect

The calculator is not consistent with PV/FV/Nper calculations using spreadsheet software.

Not Accessible

I’m only 43, but I can barely read anything on this app. The blue font on black background is completely unreadable to me. The light gray font on white is the same. Sounds like a good app, but I’ll never know. Highly recommend following WCAG design standards.

Developer apps

User experience

🐞

Reported Bugs

11 issues

App crashes frequently

Bug

App is slow/laggy

Bug

Amount box accepts only single digits

Bug

Currency symbol changes unexpectedly

Bug

Data entry issues (e.g., cannot enter '9')

Bug

Calculations are incorrect

Bug

Snowball/avalanche method doesn't apply correctly

Bug

Text blends with background, unreadable

Bug

App doesn't re-order debts based on chosen method

Bug

Mortgage analysis shows incorrect payment changes

Bug

App kicks out when entering data

Bug

Requested Features

16 requests

Option to adjust app colors/theme

Feature

Native dark mode support

Feature

Fix snowball/avalanche calculation logic

Feature

Allow fractional cents for payments/balances

Feature

Add option for extra principal payments

Feature

Ability to sort debts by balance/payoff order

Feature

Display payoff date for individual debts

Feature

Calculator consistency with spreadsheet software

Feature

Option to pay to remove ads

Feature

Add original balance field

Feature

Add loan start date field

Feature

Improve calculator for APRs above 99.99%

Feature

Add 'what if?' calculator for bigger payments

Feature

Secure app info for shared devices

Feature

Fix mortgage analysis accuracy

Feature

Allow editing payments from the middle

Feature

FAQ

What does the Debt Payoff Plan Calculator do?

This app helps you pay off your debts faster by calculating the most optimal payment strategy. It allows you to input your various debts and then suggests a plan to get you out of debt as soon as possible.

What debt repayment strategies are available?

The app offers several repayment strategies, including the snowball method (highest balance first, lowest balance first, highest interest first, lowest interest first) and the option to not use a specific strategy.

Is this app free to use?

Yes, based on the provided information, this app is free to use and does not have in-app purchases or ads.

What kind of financial insights does the app provide?

The app provides detailed debt payment schedules, visual graphs of your progress, and statistics on your debts. You can also compare different payment strategies to see which one works best for you.

Who would benefit from using this app?

Anyone struggling with multiple debts and looking for a clear, actionable plan to become debt-free would benefit. It's particularly useful for those who want to understand and implement strategies like the snowball method.