July 2029
- months
- 35
- Total interest
- $3,748.16
- Total paid
- $22,248.16
- Monthly budget
- $650.00
ONE BUDGET. TWO STRATEGIES.
Debt Snowball Calculator
Compare debt snowball and debt avalanche plans, see your debt-free date, and understand the interest difference.
YOUR DEBTS
PAYOFF COMPARISON
July 2029
- months
- 35
- Total interest
- $3,748.16
- Total paid
- $22,248.16
- Monthly budget
- $650.00
Interest advantage$0.00
Avalanche costs less interest in this estimate.
TOTAL DEBT OVER TIME$18,500
Snowball
- Credit Card A11 months · 24.99%
- Credit Card B25 months · 18.99%
- Personal Loan35 months · 9.50%
Avalanche
- Credit Card A11 months · 24.99%
- Credit Card B25 months · 18.99%
- Personal Loan35 months · 9.50%
YEAR-BY-YEAR
| months | Total paid | Total interest | Balance ($) |
|---|---|---|---|
| 12 | $650.00 | $146.97 | $12,947.67 |
| 24 | $650.00 | $59.87 | $6,360.01 |
| 35 | $148.16 | $1.16 | $0.00 |
FREQUENTLY ASKED QUESTIONS
Choose the order. Keep the budget.
What is the debt snowball method?+
It targets the smallest balance while paying minimums on every other debt.
What is the debt avalanche method?+
It targets the highest APR first and generally minimizes interest under the same payment assumptions.
What happens after a debt is paid off?+
Its former minimum payment stays in the fixed budget and rolls into the next target.
Can loans and cards be combined?+
Yes, if each debt can be represented by a balance, APR, and minimum monthly payment.