Debt Payoff Calculator
Compare the snowball and avalanche methods and find your debt-free date.
List your debts, add any extra you can pay each month, and compare the avalanche and snowball methods. You will see your debt-free date, total interest and the order each balance disappears.
Avalanche vs snowball
The avalanche method sends extra money to the highest interest rate first. It saves the most money. The snowball method targets the smallest balance first. It gives you quick wins that help many people stay motivated. Both roll each paid-off minimum into the next debt, which is what speeds things up.
Tips to pay off debt faster
- Stop adding new balances while you pay down old ones.
- Ask your card issuer for a lower rate, or consider a balance transfer if you qualify and can clear it within the promo period.
- Put windfalls such as tax refunds or bonuses toward the target debt.
This calculator provides estimates for educational purposes only and is not financial advice.