Compare two ways to clear several debts with one monthly budget. List each debt with its balance, rate and minimum payment, then see how the snowball (smallest balance first) and avalanche (highest rate first) orders change your payoff time and total interest. These results are estimates for general information only and are not financial, investment or tax advice. Actual figures depend on the terms of your lender or provider and your local tax rules.
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How to Use the Debt Snowball Calculator
List each debt on its own line, then enter the total amount you can pay each month. Press Calculate to compare the snowball and avalanche orders.
Line format
Write each debt as Name | Balance | Rate % | Minimum payment.
The name is optional; if you leave it out the tool numbers the debts for you.
Example: Card A | 1500 | 3 | 50.
Snowball vs avalanche
The snowball pays minimums on everything, then throws the rest at the smallest balance first.
The avalanche throws the rest at the highest interest rate first.
The avalanche usually costs less interest; the snowball can feel more motivating as balances disappear sooner.
The payoff order lists each debt as it is cleared.
Features
Compares the snowball and avalanche payoff orders side by side
Months to debt-free and total interest for each method
Shows which method costs less interest and how much you save
Handles several debts with different balances, rates and minimums
All processing runs locally in your browser. Your data is not uploaded to any server.
These results are estimates for general information only and are not financial, investment or tax advice. Actual figures depend on the terms of your lender or provider and your local tax rules.