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.