Debt Payoff Calculator
Compare snowball and avalanche debt payoff strategies.
Debt Payoff Calculator
Enter your values and calculate
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How This Calculator Works
The avalanche method targets the highest-APR debt first and saves the most interest. The snowball method pays off the smallest balances first for psychological momentum. Enter each debt as balance:APR on its own line.
Formula
Avalanche: highest APR first. Snowball: smallest balance first.
Example
With $5,000@19%, $3,000@24%, and $1,500@12% plus $200/mo extra, avalanche typically saves hundreds in interest vs. snowball.
Practical Use Cases
- Multi-debt payoff planning
- Choosing a strategy
- Motivation tracking