Debt Payoff Planner
Enter your debts, set a monthly debt budget, and compare the avalanche method against the snowball method.
Your debts
Add up to 10 debts. Minimums should be the monthly minimum payment required on each account.
Total amount you can put toward debt each month, including minimums. Must cover at least the sum of all minimum payments.
Avalanche saves the most money. Snowball builds momentum by clearing small debts first. Results for both are shown below.
Add at least one debt above to see a payoff plan.
Educational calculator. Assumes fixed monthly payments and no additional charges on the accounts. Actual payoff times vary with continued use, rate changes, fees, and missed payments. Not personalized financial advice.
About this calculator.
The planner simulates month-by-month payoff across all your debts, paying minimums on everything and directing any remaining budget to one target debt until it is gone, then rolling that freed-up payment into the next priority. Avalanche attacks the highest interest rate first, which is mathematically optimal. Snowball attacks the smallest balance first, which is not mathematically optimal but often produces faster early wins that help people stick with the plan.
Both results are shown so you can make an informed choice. There is no universally right answer. What matters most is picking a strategy you will actually follow.