Debt Payoff Calculator
Compare Snowball vs Avalanche strategies to find the fastest, cheapest way to become debt-free.
Your Debts
Name
Balance ($)
Interest Rate (%)
Min Payment ($)
Payoff Schedule
| Month | Debt Name | Payment | Principal | Interest | Balance |
|---|
For educational purposes only — not financial advice.
How to use
- Add each of your debts with the current balance, interest rate, and minimum payment.
- Enter any extra amount you can pay above all minimums each month.
- Click Compare Strategies to see both Snowball and Avalanche results side by side.
- Snowball pays lowest balance first — great for motivation and quick wins.
- Avalanche pays highest interest first — saves the most money overall.
- Toggle between schedules to see the month-by-month payoff plan for each strategy.
About this Debt Payoff
Use this free debt payoff calculator to compare repayment timelines, interest, and payoff strategies. It is useful for credit cards, loans, budgeting, and planning a path out of debt. No signup is required, and the tool works on phones, tablets, and desktop browsers.