Debt payoff strategy
Debt Payoff Calculator: Snowball vs Avalanche
Enter multiple debts and compare the snowball and avalanche payoff methods to see payoff time, interest cost, and recommended payoff order.
2 strategiessnowball and avalanche
Multiple debtscards, loans, balances
Payoff ordermonth-by-month simulation
Recommended payoff time
0 months
Total interest$0
Total paid$0
Best strategyAvalanche
Interest saved$0
Enter your debts to compare payoff strategies.
Balance over time
selected strategyPayoff order
| Order | Debt | Paid off | APR |
|---|
How this calculator works
The calculator simulates monthly interest, required minimum payments, and one extra monthly payoff budget. Snowball sends extra money to the smallest remaining balance. Avalanche sends extra money to the highest APR remaining balance. When one debt is paid off, its minimum payment rolls into the payoff budget for the next debt.
Actual creditor rules, fees, promotional APRs, late fees, and minimum payment formulas can differ. This tool is for planning and education only.