Debt Payoff Calculator
Compare avalanche vs snowball payoff strategies. See months to freedom and total interest paid.
Your debts
| Name | Balance ($) | Rate (%) | Min Payment ($) | |
|---|---|---|---|---|
avalanche method
Highest-rate debt first — minimize total interest
Time to payoff
53 mo
Total interest
$3,480.08
snowball method
Lowest-balance debt first — build momentum
Time to payoff
49 mo
Total interest
$3,544.80
Avalanche saves $64.72 in interest (but snowball is 4 months faster).
Avalanche vs snowball debt payoff
The avalanche method targets the highest-interest debt first, minimizing the total interest paid over time. The snowball methodtargets the smallest balance first, eliminating debts quickly to build psychological momentum. Both strategies use freed-up minimum payments on eliminated debts (the “debt avalanche snowball”). Avalanche is mathematically optimal; snowball can improve adherence for some people.
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