Debt Payoff Comparison

Compare snowball and avalanche methods to find the best debt payoff strategy for you.

Your Debts

Name

Balance ($)

Rate (%)

Min Pay ($)

Name

Balance ($)

Rate (%)

Min Pay ($)

Extra Monthly Payment ($)

Money above minimum payments applied to your strategy

The Snowball method saves you $74 in interest.

Time to Debt-Free

1.5 yrs

18 months

Total Interest

$715

Total Paid

$5,215

The snowball method pays off the smallest balance first for motivation. The avalanche method pays off the highest interest rate first to save money mathematically. Both work — the best method is the one you'll stick with.

Results are estimates based on user-provided assumptions and may not reflect actual costs, taxes, fees, rates, returns, eligibility, or outcomes.