Debt Payoff Calculator

Compare the snowball (smallest balance first) and avalanche (highest rate first) payoff strategies.

Your debts
Total monthly budget for all debt payments
Combined minimum payments: $380/mo
Snowball strategy (smallest balance first)
Time to debt-free2.9 years
Total interest paid$3,066
Payoff orderCredit Card B → Credit Card A → Personal Loan
Avalanche strategy (highest interest rate first)
Time to debt-free2.9 years
Total interest paid$2,920
Payoff orderCredit Card A → Credit Card B → Personal Loan
Interest saved with avalanche vs. snowball$147
Avalanche usually saves more money; snowball often keeps people motivated by clearing small balances first. Pick whichever you'll actually stick with.

When you're paying off multiple debts, the order you pay them off in changes both how fast you become debt-free and how much interest you pay along the way. The two most popular strategies are the debt snowball (pay off the smallest balance first, for quick psychological wins) and the debt avalanche (pay off the highest interest rate first, to minimize total interest). This calculator runs both strategies against your actual debts and shows you the real numbers side by side.

Frequently asked questions

This calculator provides an estimate for general informational purposes only and is not tax or financial advice. Actual results may vary based on deductions, credits, benefits, and local tax rules. Consult a licensed tax professional or financial advisor for guidance specific to your situation.