Debt Snowball vs Avalanche Calculator
List your debts, add whatever extra you can throw at them each month, and see both payoff strategies head-to-head — which clears your debt faster, which saves the most interest, and the exact order each debt disappears.
Your Debts
On top of all minimums — this is what powers both strategies.
Total monthly budget
$590
$290 + $300
Snowball · smallest balance first
Debt-free in
24
2 years
Total interest$2,942
Payoff order
- 1Personal loanmonth 8
- 2Credit cardmonth 24
Total interest compared
Snowball$2,942
Avalanche$2,299
Avalanche saves $643 in interest — the mathematically cheapest route. Snowball clears your first debt in 8 months — quick wins keep you going.
Find extra room to pay down debt with the 50/30/20 budget →Could one consolidation loan beat this? Compare refinancing →
Estimates for education only, assuming fixed rates, monthly compounding and a constant total budget (freed-up minimums roll into the next debt).