Debt Payoff Calculator

Snowball (smallest debt first) vs avalanche (highest interest first).

Debt 1 name Debt 1 balance ($) Debt 1 APR (%) Debt 2 name Debt 2 balance ($) Debt 2 APR (%) Monthly payment you can afford ($)

Snowball: debt-free in , interest paid

Avalanche: debt-free in , interest paid

Best method:

Total debt over time

How to use this calculator

Enter two debts (name, balance, APR) and your monthly budget, then press Calculate. The tool compares the snowball and avalanche methods and shows which is faster and cheaper with a payoff chart.

What the result means

Avalanche (highest rate first) minimizes interest; snowball (smallest balance first) builds momentum. If they differ, the tool shows the exact interest and months for each so you can choose deliberately.

Frequently asked questions

What's the difference between snowball and avalanche?

Snowball pays the smallest debt first for motivation. Avalanche pays the highest-interest debt first to save the most money.

Which method should I use?

If you struggle to stay consistent, snowball. If you want the minimum interest, avalanche. Either beats doing nothing.