List your debts, set an extra monthly payment, and see exactly when you will be debt-free, with snowball and avalanche compared side by side.

Strategy
1Your debts
$37,700 total · $870/mo minimums
2Extra payment
$/mo
Total monthly payment: $1,120
Debt-free inAvalanche
4 yrs, 4 mos
Paying $1,120/mo total, you clear $37,700 of debt and pay $11,351 in interest.
Total interest
$11,351
Total paid
$49,051
Monthly payment
$1,120
Payoff time
4 yrs, 4 mos
Paying only the minimums would take 6 yrs, 10 mos and cost $21,649 in interest. Your plan saves $10,297 and 2 yrs, 6 mos.
Snowball vs Avalanche, side by side
Avalanche
4 yrs, 4 mos
$11,351 interest
Snowball
4 yrs, 6 mos
$13,110 interest
Avalanche saves$1,759
Time difference2 mos
Payoff order
1Credit CardJan 2029
2Car LoanFeb 2029
3Personal LoanApr 2030
Total debt over timeEach line is one debt
39k
29k
19k
9.6k
0
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