Debt Payoff Calculator

Compare the debt snowball (smallest balance first) and debt avalanche (highest interest rate first) strategies for paying off multiple debts.

Your debts

Name	Balance	APR (%)	Min. payment

Strategy

Payoff strategy

Extra payment per month (on top of minimums)

Snowball vs. avalanche

Snowball pays off the smallest balance first for quick psychological wins, then rolls that payment into the next-smallest debt. Avalanche targets the highest interest rate first, which minimizes total interest paid. Both use the same total monthly budget — only the order changes.