What is the debt avalanche method?

Pay the minimum on all debts, then put extra money toward the debt with the highest interest rate. This minimizes total interest paid.

What is the debt snowball method?

Pay the minimum on all debts, then put extra money toward the debt with the smallest balance. This gives quick psychological wins.

How much can I save with extra payments?

Even $50–$100 extra per month can save thousands in interest and shave years off your payoff timeline. Use the extra payment calculator to see your savings.

Which strategy is better, avalanche or snowball?

Avalanche saves the most money mathematically, but snowball can be more motivating. The best strategy is the one you'll stick with.

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Loan Payoff Calculator

Calculate how to pay off debt faster with avalanche vs snowball strategies.

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Enter your loan balances, interest rates, and minimum payments to see exactly when you'll be debt-free. Add extra monthly payments to see how much time and interest you'll save. Compare the debt avalanche (highest rate first) vs debt snowball (lowest balance first) strategies with an interactive SVG balance chart.

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1 Add your debts by entering the balance, interest rate, and minimum payment.
2 Optionally enter an extra monthly payment amount.
3 Click Calculate to see payoff timelines for both strategies.
4 Compare total interest paid and months to debt-free for avalanche vs snowball.
5 View the SVG balance chart to visualize progress over time.

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