Debt Payoff Calculator
Compare snowball vs avalanche methods and find the fastest path to debt freedom
Your Debts
Add all your debts to compare payoff strategies
🇺🇸 Calculating in USD
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Extra Payment
Additional amount you can put toward debt each month
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Total Debt $0
Total Min. Payments $0/mo
Extra Payment $0/mo
Recommended
Debt Avalanche
Pay highest interest first
Debt-Free In -
Total Interest Paid -
Interest Saved vs Minimum -
Debt Snowball
Pay smallest balance first
Debt-Free In -
Total Interest Paid -
Interest Saved vs Minimum -
Payoff Schedule (Avalanche Method)
Enter Your Debts
Add your debts above and click calculate to see your personalized payoff plan.
Debt Avalanche
Pay off debts with the highest interest rate first. This method saves the most money in interest but may take longer to see debts disappear.
Debt Snowball
Pay off the smallest balances first for quick wins. This method is psychologically motivating as you see debts eliminated faster.
Both Methods Work
The best method is the one you'll stick with. Both strategies are effective - choose based on whether you need motivation (snowball) or maximum savings (avalanche).