Debt Payoff Calculator (Snowball vs Avalanche)
| Debt Name | Balance ($) | Interest (APR %) | Min. Payment ($) | Action |
|---|---|---|---|---|
Debt Snowball (Lowest Balance First)
Targeting extra cash at one focus debt while paying minimums on the rest creates a powerful compound payoff effect.
Side-by-Side: Snowball vs Avalanche
| Strategy | Timeline | Total Interest | Key Advantage |
|---|---|---|---|
| Debt Snowball (Lowest Balance First) | 2 years and 6 months | $ 2,454 | Maximum behavioral motivation & momentum |
| Debt Avalanche (Highest Interest First) | 2 years and 6 months | $ 2,295 | Mathematically lowest interest expense |
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How it works
List your credit cards, car loans, or medical debts with balance, APR%, and minimum monthly payment.
Enter an extra monthly debt payoff budget.
Compare payoff timelines, total interest expense, and total money saved between Snowball and Avalanche.
Frequently asked questions
Which is better: Debt Snowball or Debt Avalanche?
The Avalanche method is mathematically optimal, saving you the most interest. The Snowball method provides immediate behavioral motivation by quickly knocking out whole accounts, which helps many people stick to their budget.
Can I add multiple debts?
Yes. You can add as many credit cards, student loans, or personal debts as needed to model your complete financial picture.
Is this tool free?
Yes. The site is supported by ads, so you never pay or need to create an account.
Does it work on mobile?
Yes. The page adapts to your screen and does not require installing any app.