Debt Payoff Calculator
Add multiple debts and compare avalanche vs snowball payoff strategies. See total interest, payoff timeline, and the impact of extra payments.
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Your Debts
Total: $30,000.00Debt #1
Debt #2
How to Use the Debt Payoff Calculator
- Add each debt with its name, balance, interest rate, and minimum payment.
- Enter any extra monthly payment you can afford above minimums.
- Click Calculate to compare avalanche and snowball strategies.
Avalanche vs Snowball
The Avalanche method pays off debts with the highest interest rate first, saving you the most money. The Snowball method pays off the smallest balances first, giving quick psychological wins. Both methods make minimum payments on all debts and apply extra funds to the target debt.
Features
- Multiple debt entries with custom rates
- Avalanche vs snowball comparison side-by-side
- Extra payment impact analysis
- Total interest and payoff timeline
- 100% client-side for full privacy
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Disclaimer: This tool is provided as-is for informational and educational purposes only.