Snowball vs. Avalanche Debt Calculator
Compare the two most popular debt repayment strategies to see which works best for your situation. The Debt Snowball method focuses on paying off your smallest debts first (for psychological wins), while the Debt Avalanche method targets highest-interest debts first (for mathematical efficiency).
Enter Your Debts
| Debt Name | Current Balance | Interest Rate (%) | Minimum Monthly Payment | Action |
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Enter any extra amount you can pay each month beyond the minimum payments.
Strategy Comparison Results
Debt Snowball Method
The Debt Snowball method focuses on paying off your smallest debts first, regardless of interest rate. This creates quick wins to help build momentum and motivation.
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Debt Avalanche Method
The Debt Avalanche method targets the highest-interest debts first, which mathematically saves the most money in interest over time.
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Overall Comparison
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Payoff Visualization
Snowball Schedule
Avalanche Schedule
| Payment Order | Debt Name | Starting Balance | Interest Rate | Payoff Date | Interest Paid |
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| Payment Order | Debt Name | Starting Balance | Interest Rate | Payoff Date | Interest Paid |
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Important Notes:
- This calculator provides estimates based on the information you provide and general debt repayment principles. Actual results may vary.
- The calculator assumes fixed interest rates and consistent monthly payments throughout the repayment period.
- Calculations do not account for potential fees, penalties, or changes in minimum payments that may occur over time.
- The “Snowball” and “Avalanche” methods are general strategies – your ideal approach may involve a combination of methods based on your specific situation.
- This tool does not consider the potential tax implications of various debt repayment strategies.
- This calculator is for educational purposes only. Consider consulting with a financial advisor for personalized advice on debt management.