Debt avalanche
Directs additional money toward the highest interest rate first. It generally minimizes total interest when payments remain consistent.
Credit & Debt Tool
Debt Payoff Comparison
See whether the debt avalanche or debt snowball could get you debt-free sooner—and how additional monthly payments may change the outcome.
Your numbers stay private.Calculations happen in your browser. Nothing is saved or submitted.
Step 1
Add your debts
Enter current balances, annual percentage rates and minimum monthly payments.
Results
Your payoff plan will appear here.
Add your debts and select “Compare payoff strategies” to see an estimated timeline.
How it works
Two proven approaches, compared side by side.
Debt snowball
Targets the smallest balance first. Faster early payoffs can create momentum, even when total interest may be higher.
Your monthly plan
Continue every minimum payment, apply your extra amount to the priority debt, then roll completed payments into the next debt.
Important assumptions
This calculator provides estimates for educational purposes. It uses monthly compounding, assumes rates and payments remain unchanged, and does not include late fees, promotional-rate changes or additional purchases. Actual creditor calculations may differ. Results are not financial advice.
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