Debt Payoff Calculator | Avalanche & Snowball Strategy
Free debt payoff calculator. Compare the debt avalanche and debt snowball strategies to find the fastest way to become debt-free. Track your payoff plan.
Time to Debt Free
61 Months
(5.1 Years)
Total Initial Debt$42,000
Total Interest Paid$6,016
Total Out-of-pocket$48,016
Playbook Strategy
Add Debt
Debts Portfolio
Credit Card ABal: $5,000 | Rate: 18.9%
Min: $150
Car LoanBal: $12,000 | Rate: 4.5%
Min: $300
Student LoanBal: $25,000 | Rate: 6%
Min: $250
Total Min Payments$700 /mo
Effective Cash Pool$1,000 /mo
Debt Payoff Strategy Comparison: Avalanche vs Snowball
Understand the two most popular debt elimination methods and how they affect your payoff timeline and interest savings.
Debt Avalanche Method
Prioritizes debts with the highest interest rates first. Mathematically optimal for minimizing total interest paid and shortening the payoff timeline.
- Lowest total interest cost
- Fastest mathematical payoff
- Requires discipline for delayed wins
Debt Snowball Method
Prioritizes debts with the smallest balances first. Builds psychological momentum through quick wins, increasing motivation to stay on track.
- Quick psychological victories
- Easier to maintain motivation
- May cost more in total interest