Debt Payoff Calculator
Compare avalanche and snowball strategies side by side. See your debt-free date and how much you'll save.
Your Debts
Above minimum payments
Strategy Comparison
Avalanche
Highest interest first
Debt-free by
September 2027
Total interest
$805
Months
17
Snowball
Smallest balance first
Debt-free by
September 2027
Total interest
$805
Months
17
Track Your Debt Ratio
Watch your debt shrink and net worth grow — all in one place.
Start Growing Your Net WorthThe Avalanche Method
Pay minimum payments on all debts, then throw every extra dollar at the debt with the highest interest rate. When it's paid off, roll that payment to the next highest rate. This method saves the most money in total interest and is mathematically optimal.
The Snowball Method
Pay minimum payments on all debts, then throw every extra dollar at the smallest balance. When it's paid off, roll that payment to the next smallest. This method costs slightly more in interest but has higher completion rates because quick wins build psychological momentum.
Which Strategy Is Right for You?
If you're motivated by math and can stay disciplined for months without a "win," use avalanche. If you need momentum and visible progress to stay motivated, use snowball. The best strategy is the one you'll actually complete — an imperfect plan you finish beats a perfect plan you abandon.