Debt
Debt Payoff Calculator
List your debts, add whatever extra you can throw at them, and see exactly when you'll be debt-free — with the avalanche and snowball methods compared side by side.
Debt-free in (avalanche)
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Total debt
$0
Interest (avalanche)
$0
Interest (snowball)
$0
Avalanche saves
$0
Paying 20%+ APR on cards?A lower-rate consolidation loan or balance transfer can speed up payoff dramatically.
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Your balance, paid down month by month
AvalancheSnowball
Avalanche vs. snowball — which should you pick?
Both methods pay the minimum on every debt and throw your extra money at one target until it's gone, then roll everything to the next. They differ only in the order:
- Avalanche targets the highest interest rate first. This is mathematically optimal — you'll always pay the least interest and finish soonest.
- Snowball targets the smallest balance first. You knock out whole debts faster, which feels great and keeps many people going.
The "best" method is the one you'll actually stick with. If the avalanche savings above are small, the motivation of snowball may be worth more than the dollars. Read the full avalanche vs. snowball guide.