Debt Snowball Calculator
Pay off debt fastest with the snowball method — smallest balance first.
Your Debts
| Name | Balance ($) | Min Payment ($) | APR (%) | |
|---|---|---|---|---|
Snowball vs Avalanche
Avalanche saves you $80 in interest vs Snowball and finishes 1 month(s) sooner.
Payoff Order — Snowball
About Debt Snowball Calculator
The debt snowball method, popularised by Dave Ramsey, pays off your smallest balance first regardless of interest rate. Each cleared debt delivers a quick psychological win that keeps you motivated. The avalanche method instead targets the highest-interest debt first, reducing the total interest you pay. This calculator simulates both strategies month by month — applying your minimum payments across all debts plus any extra payment you choose — so you can see exactly when each debt disappears, how much interest each approach costs, and the date you become completely debt-free.
Private & free — this tool runs entirely in your browser.