Loans & credit
Debt Snowball & Avalanche Calculator
Enter your debts and monthly payoff budget. Compare snowball (smallest balance first) vs. avalanche (highest APR first), see your debt-free date, and chart declining balances against paying minimums only.
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Why people use this
Strategies
Snowball + Avalanche
Timeline
Month-by-month
Savings
vs. minimums only
How snowball vs. avalanche works
Snowball pays extra toward the smallest balance first for quick psychological wins. Avalanche attacks the highest APR first to minimize interest mathematically. Both assume you pay at least every minimum and roll freed payments forward as debts are eliminated.
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Loan Tool FAQ
How should I compare calculator outputs?
Compare monthly payment, total interest, and payoff speed together.
Can this tool help with planning extra payments?
Yes. Test baseline and accelerated scenarios to estimate savings.