Debt Portfolio
Add your current debts below
Additional money allocated to debt payment beyond minimums.
Avalanche
Snowball
Lowest Balance First
Total Interest Paid
$0
Avalanche
Highest Rate First
Total Interest Paid
$0
Repayment Projection
Projected Debt Free Date
Let's crunch the numbers
Enter your debts on the left. We'll simulate both repayment strategies to find your best path forward.
Debt Snowball vs Debt Avalanche Explained
The Debt Snowball vs Avalanche Calculator helps you compare two of the most popular debt repayment strategies to determine which approach works best for your financial situation.
The Debt Snowball method focuses on paying off the smallest balances first, helping you build motivation and momentum. The Debt Avalanche method prioritizes debts with the highest interest rates, reducing the total interest paid over time.
This calculator shows how long it will take to become debt-free under each strategy, how much interest you will pay, and which option saves you more money. It is ideal for credit card debt, personal loans, and other installment debts.
What this calculator helps you with
- Compare debt snowball and avalanche repayment strategies
- Estimate total interest paid under each method
- See how quickly you can become debt-free
- Choose a strategy that fits your financial behavior
- Create a structured debt repayment plan
This calculator is for educational and planning purposes only. Actual repayment timelines depend on interest rates, minimum payments, and consistent repayment behavior.
Quick Guide
- 1. Enter your base values in the fields above.
- 2. Adjust interest rates or terms to see live changes.
- 3. Review the charts to visualize your growth.
Results are estimates based on standard financial algorithms.
Common Questions
Everything you need to know about this calculator and the math behind it.
Related Tools
Compare different scenarios with these related calculators.
Loan Affordability Calculator
Estimate how much loan you can realistically afford based on your income and debts.
Launch Tool