Debt Snowball & Avalanche Calculator
Plan how to pay off several debts faster using the snowball (smallest balance first) or avalanche (highest interest first) method, with payoff dates.
Runs on your device
Result
Results appear here after you select “Plan payoff”.
What it does
List each debt and choose an extra monthly amount. The planner pays minimums on everything and puts the extra on one target debt at a time, rolling payments forward as debts are cleared.
How to use it
- List debts as "name, balance, APR %, minimum".
- Enter any extra monthly payment.
- Compare snowball and avalanche.
Example
The example fills in realistic values and runs the tool. Select Try an example above to see it.
When it helps
- Clearing credit cards and loans.
- Choosing a payoff order.
- Seeing your debt free date.
Questions
Which method is better?
Avalanche saves the most interest; snowball gives quicker wins that keep many people motivated.
Does it include new charges?
No. It assumes no new borrowing.
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