Debt Payoff Calculator
Compare the avalanche and snowball debt payoff strategies side-by-side. See your exact payoff date and how much interest each strategy saves.
Avalanche
Highest rate first — saves the most interest
Snowball
Smallest balance first — fastest early wins
Total Debt Balance Over Time
- Avalanche
- Snowball
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Related Articles
Deepen your understanding with these related articles about debt payoff calculator.
Debt Avalanche vs. Snowball: Which Strategy Wins?
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💡 Pro Tip: Read these articles alongside your calculator results for a complete understanding of the topic.
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Frequently Asked Questions
What is the avalanche method?
The avalanche method focuses extra payments on the debt with the highest interest rate first, while paying minimums on all others. It minimizes the total interest paid over time.
What is the snowball method?
The snowball method focuses extra payments on the smallest balance first, regardless of interest rate. It provides quick psychological wins and momentum, though you may pay more interest overall.
Which method is better?
Mathematically, avalanche saves more money. Psychologically, snowball can be more motivating. The best method is the one you'll actually stick to. Our calculator shows you the exact difference so you can decide.
How much extra should I pay each month?
Even an extra $50–$100 per month can dramatically reduce your payoff timeline and total interest. Use the extra payment slider to see the impact in real time.
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