Debt Payoff Calculator
Compare Snowball vs Avalanche methods, see your debt-free date, and optimize lump-sum payments. All calculations run locally — your data never leaves your browser.
Your Debts
| Name | Balance | Interest Rate (%) | Min Payment | |
|---|---|---|---|---|
$ | $ | |||
$ | $ | |||
$ | $ |
Debt-Free Date
Jun 2032
74 months (Avalanche)
Total Interest
$6,173
Avalanche method
Interest Saved
$0
Avalanche vs Snowball
Months Saved
35
vs minimum payments only
Snowball vs Avalanche Comparison
Snowball pays smallest balance first (psychological wins). Avalanche pays highest interest first (saves the most money).
Snowball Method
Months to Pay Off
74
Total Interest
$6,173
Payoff Order
Avalanche Method
RECOMMENDEDMonths to Pay Off
74
Total Interest
$6,173
Payoff Order
Balance Over Time
Without Extra Payments
Paying only minimums: 109 months (9 years 1 months) with $9,855 in total interest. By adding $200/mo extra, you save $3,682 and are debt-free 35 months sooner.
More Financial Tools
Free Debt Payoff Calculator — Snowball vs Avalanche
Our debt payoff calculator compares Snowball and Avalanche methods side-by-side, showing exactly when you will be debt-free and how much interest you will save. Add your debts, set an extra monthly payment, and see the impact instantly.
The Lump Sum Optimizer tells you exactly which debt to target with bonus income or tax refunds for maximum savings. All calculations run locally in your browser — your financial data is never sent to any server.