Debt Payoff Calculator
Compare Avalanche vs. Snowball method for your debts
Your Debts
| Debt | Balance | Rate | Min Payment |
|---|---|---|---|
| Credit Card 1 | $5,000 | 22.99% | $100/mo |
| Credit Card 2 | $3,500 | 18.99% | $70/mo |
| Personal Loan | $8,000 | 11.5% | $180/mo |
Total Debt$16,500
$
Method Comparison
AVALANCHEHighest Rate First
45 mo
= 3.8 years
Interest paid:
$4,692
Saves $463 vs snowball
SNOWBALLLowest Balance First
46 mo
= 3.8 years
Interest paid:
$5,156
Better for motivation & quick wins
Which to choose? Avalanche saves more money. Snowball gives early wins by eliminating small debts first. Both work — pick the one you will stick with.
Estimates only. Results assume consistent payments each month.