Debt payoff plan
Debt Snowball/Avalanche Calculator
Compare two payoff strategies, edit your debts, and see which method saves more time or interest.
Recommended strategy
Snowball payoff
Avalanche payoff
Your debts
Extra monthly payment
Added on top of minimum payments and directed by the selected strategy.
Payment guardrail
Remaining balance by month
Payoff order
Starting debt by account
Payment schedule
| Month | Payment | Principal | Interest | Remaining balance | Target |
|---|
How to choose between snowball and avalanche
The debt snowball method pays the smallest balance first. The debt avalanche method pays the highest interest rate first.
Avalanche usually reduces total interest, while snowball can create faster visible wins because small accounts disappear sooner.
The best strategy is the one you can keep using. Make sure payments cover monthly interest and that extra payments do not weaken your emergency fund.
Compare ways to accelerate payoff
Use the result to adjust extra payments, consolidation, or refinancing before committing.