Debt Snowball vs Avalanche

Debt Snowball vs. Avalanche Calculator

Your Debts (list each card or loan)

NameBalance $APR %Min. Payment $

Total You Can Pay Toward Debt Each Month $
(all minimums plus any extra; must cover the minimums)

Your Comparison

Avalanche payoff order (highest interest rate first)

Order	Debt	Paid Off In	Month

Snowball payoff order (smallest balance first)

Order	Debt	Paid Off In	Month

This site tool bears no responsibility or advice towards your financial decision. Please consult a financial professional if advice is needed. Results are estimates that assume fixed interest rates, interest charged monthly, no new purchases or fees, and the same total monthly payment until every debt is paid. As each debt is paid off, its payment rolls into the next one.