Debt Payoff Calculator
Add your debts, set an extra monthly payment, and compare the avalanche method (highest interest first) vs. the snowball method (smallest balance first) — side by side.
Your Debts
Debt Name
Balance
Rate %
Min Pay
$
❄️ Avalanche Method
Pay highest interest rate first — saves the most money
Debt-Free Date
—
Total Interest Paid
—
Total Months
—
☃️ Snowball Method
Pay smallest balance first — faster early wins
Debt-Free Date
—
Total Interest Paid
—
Total Months
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Total Remaining Debt — Month by Month
| Debt | Balance | Rate | Avalanche: Paid Off | Snowball: Paid Off |
|---|
Which to choose? Avalanche saves the most money. Snowball builds momentum with quick wins. Pick the one you'll actually stick to — consistency beats strategy.
Read: Budget Hub — all budgeting and debt articles