Debt Payoff Calculator

Snowball vs. Avalanche: Find your fastest way to freedom.

Monthly Extra Budget ($)

Amount you can pay ABOVE minimums.

Add your debts to see how fast you can be free.

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You will be debt-free by Oct 2027

Total Interest

Time to Payoff

0 Months

Method	Time	Interest Paid	Verdict
Snowball (Smallest Bal.)	0 Mo	$0	Best for Motivation
Avalanche (Highest Rate)	0 Mo	$0	Best for Savings

Snowball vs. Avalanche: Which is better?

There are two main strategies to pay off debt faster:

Debt Snowball: You pay off your smallest debt first while paying minimums on the rest. This gives you quick "wins" and builds psychological momentum.
Debt Avalanche: You pay off the debt with the highest interest rate first. Mathematically, this saves you the most money in interest over time.

This calculator shows you exactly how much time and money each method saves so you can choose the right one for you.