Debt Payoff Calculator

Compare the snowball and avalanche methods side-by-side. Enter your debts and available monthly payment to see which strategy gets you debt-free faster and with less interest paid.

Your Debts

$200

⛄ Snowball

Pay smallest balance first

Payoff Time

52 months

4.3 years

Total Interest Paid

$9,820

🏔 Avalanche

Pay highest APR first

Payoff Time

51 months

4.3 years

Total Interest Paid

$8,954

The Avalanche method saves you $866 more in interest.

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🏔 Debt Avalanche

Pay highest APR first. Saves the most money in interest. Best for those who are motivated by numbers and long-term savings.

⛄ Debt Snowball

Pay smallest balance first. Provides quick wins to stay motivated. Best for those who need early encouragement to stay on track.

Frequently Asked Questions

What is the debt snowball method?

The debt snowball method focuses on paying off your smallest balance first, regardless of interest rate. Once that debt is paid, you roll that payment to the next smallest. It provides quick psychological wins and momentum.

What is the debt avalanche method?

The debt avalanche method targets the highest-interest debt first. Mathematically, this saves the most money in interest over time, though it may take longer to see your first debt eliminated.

Which method saves more money?

The avalanche method typically saves more in total interest. However, the snowball method often leads to better follow-through for people who are motivated by quick wins. The best method is the one you will stick with.

How much extra should I pay each month?

Even an extra $50–$100 per month can dramatically shorten your payoff timeline. Use this calculator to see exactly how different extra payment amounts affect your debt-free date.