Free Debt Payoff Calculator
Free debt payoff calculator comparing snowball vs avalanche strategies for credit cards, student loans, and personal debt. See payment schedules, interest savings, and fastest payoff methods.
Choose Your Strategy
Your Debts
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%
%
Debt Snowball Results
3 years, 8 months
Total Paid: 29,021
Payoff Time
3 years, 8 months
Total Interest
6,521
Total Paid
29,021
Monthly Payment
725
Strategy Comparison
Snowball Payoff Time3 years, 8 months
Avalanche Payoff Time3 years, 6 months
Interest Saved with Avalanche953
Time Difference2 months faster with Avalanche
Debt Payoff Progress - Debt Snowball
Total
Credit Card
Personal Loan
Car Loan
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Start with the debt snowball (smallest balance) if you need motivation.
Choose debt avalanche (highest interest) to save the most money.
Consider consolidating high-interest debts if you qualify for a lower rate.
Make minimum payments on all debts while focusing extra payments on your target debt.
Avoid taking on new debt while paying off existing balances.
Use windfalls like tax refunds or bonuses to accelerate debt payoff.
FAQ
What is the difference between debt snowball and avalanche?+
Which debt payoff strategy is better?+