Finance Calculators
Debt Payoff Calculator (Snowball & Avalanche)
Enter your debts with balances, rates, and minimum payments to compare snowball (smallest balance first) vs. avalanche (highest rate first) payoff strategies.
33 months
Avalanche (highest rate first)
33 months
Snowball (smallest balance first)
Avalanche pays off highest-interest debt first (saves the most money); snowball pays off smallest balance first (faster wins for motivation). All extra payment goes to the target debt each month, with minimums still paid on the rest.
How to use this tool
- 1Add each debt with its balance, interest rate, and minimum payment.
- 2Enter your total monthly payment budget.
- 3Compare the snowball and avalanche payoff timelines.
Frequently asked questions
Which strategy saves more money?+
Avalanche (highest interest rate first) minimizes total interest paid; snowball (smallest balance first) often keeps people motivated through faster early wins.