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Debt Payoff Calculator

Compare avalanche vs snowball, see payoff timelines, and how extra payments save interest.

Two strategies

Avalanche — Put extra money toward the debt with the highest interest rate first. You pay less total interest. Snowball — Put extra toward the smallest balance first so you knock out accounts sooner and build momentum. Both work; choose what keeps you motivated.

Your debts

Enter up to 5 debts. Leave balance at 0 to skip.

Name

Balance ($)

APR (%)

Min payment ($)

Name

Balance ($)

APR (%)

Min payment ($)

Name

Balance ($)

APR (%)

Min payment ($)

Strategy & extra payment

Strategy

Extra monthly payment ($) Applied to your target debt each month