Debt Payoff Calculator

Compare snowball vs. avalanche to find your fastest, cheapest path to debt freedom

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Your Debts

Extra Monthly Payment Toward Debt

Method Comparison

Snowball Payoff Order

Pay minimums on everything, then attack smallest balance first.

Debt	Balance	Rate	Min. Payment	Paid Off In	Total Interest

Avalanche Payoff Order

Pay minimums on everything, then attack highest interest rate first.

Debt	Balance	Rate	Min. Payment	Paid Off In	Total Interest

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Snowball vs Avalanche

Snowball: Pay smallest balance first. Gives quick wins to keep you motivated. Best for behavior change.

Avalanche: Pay highest rate first. Saves the most money in interest. Best mathematically.

Our debt payoff calculator compares two proven strategies for eliminating debt: the debt snowball (smallest balance first) and the debt avalanche (highest interest rate first). Enter each of your debts — credit cards, student loans, medical bills — along with any extra monthly payment you can make. The calculator shows exactly when each debt gets paid off, how much interest you'll pay, and which method saves you the most money. Both methods work; the best one is the one you'll stick with consistently.

For informational purposes only. Not financial advice.