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Finance Tools

Debt Payoff Calculator (Snowball vs. Avalanche)

Enter each debt's balance, interest rate, and minimum payment, plus how much extra you can put toward debt each month. Compares the snowball method (smallest balance first) against the avalanche method (highest interest rate first) side by side — total interest, payoff date, and how much one strategy saves over the other.

Debt nameBalanceAPR %Min/mo
Snowball vs. Avalanche
Business
Snowball

Smallest balance first

Debt-free in
3 yr 5 mo
Total interest
$2,675
1. Credit Card1 yr 10 mo
2. Car Loan3 yr 5 mo
Avalanche

Highest interest rate first

Debt-free in
3 yr 5 mo
Total interest
$2,675
1. Credit Card1 yr 10 mo
2. Car Loan3 yr 5 mo

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