Debt Snowball / Avalanche Calculator
Compare debt snowball and avalanche payoff strategies. See which method saves the most interest and gets you debt-free fastest.
Debt-Free In
5 years 4 months
Total interest paid: $6,107.07
Minimum Only
9yr 8mo
$11,056.21 interest
Avalanche
5yr 4mo
$6,107.07 interest
Snowball
5yr 4mo
$6,107.07 interest
📋 Payoff Order (Avalanche)
- Credit Card
- Car Loan
- Student Loan
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Two Proven Strategies for Becoming Debt-Free
Both the snowball and avalanche methods work — they just prioritize differently. Our calculator runs both simultaneously so you can see the exact dollar difference and choose what fits your personality.
The Power of Extra Payments
The magic of both methods is channeling freed-up payments into the next debt. With $300/month in extra payments, you could become debt-free years earlier and save thousands in interest compared to paying minimums only.
Frequently Asked Questions
What is the debt snowball method?
What is the debt avalanche method?
Which is better: snowball or avalanche?
Recommended Tools
LendingTree
Compare mortgage rates from multiple lenders. Get up to 5 offers in minutes.
Bankrate
Find the best loan rates and financial products. Trusted by millions.
Credit Karma
Check your credit score for free and get personalized loan offers.
Rocket Mortgage
Get approved in minutes. America's largest mortgage lender.
SoFi
Refinance student loans and mortgages at lower rates. No fees.
NerdWallet
Compare credit cards, loans, and insurance. Free financial tools.
We may earn a commission if you sign up through these links, at no extra cost to you.