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Debt Payoff Calculator
Compare the Snowball and Avalanche debt payoff methods to find the best strategy for becoming debt-free faster and saving on interest.
Your Debts
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Extra Monthly Payment
How much extra can you put toward debt each month beyond minimum payments?
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Avalanche Method
Strategy: Pay off debts with the highest interest rates first while making minimum payments on others.
Best for: Maximizing savings and paying less interest overall. Better for financially disciplined individuals focused on math.
Snowball Method
Strategy: Pay off debts with the smallest balances first while making minimum payments on others.
Best for: Building momentum and motivation through quick wins. Better for those who need psychological encouragement.