Debt Payoff Calculator — Snowball vs. Avalanche

Stop wondering which debt to pay first. Compare two of the most popular debt-payoff strategies automatically.

Enter your credit cards, loans, balances, interest rates and payments and use the planner to organize your debt-reduction strategy.

Compare the Debt Snowball approach—targeting smaller balances first—with the Debt Avalanche approach—prioritizing higher-interest debt.

Track:

• Current balances
• APRs
• Minimum payments
• Extra monthly payments
• Monthly interest estimates
• Total monthly debt payments
• Snowball strategy
• Avalanche strategy
• Overall debt progress

Includes English + Spanish.

Perfect for households working to eliminate credit-card balances, personal loans and other consumer debt.