Debt Snowball Calculator
Plan your debt payoff: enter balances and rates, see the snowball order, total interest and the month you become debt free.
About this tool
This debt snowball calculator takes your balances, rates and monthly payment and returns the payoff order, the month count and the total interest you will pay.
Two strategies, one goal: snowball for momentum, avalanche for savings. Seeing the debt-free date makes the monthly payment feel like a countdown rather than a burden.
FAQ
What is the debt snowball?
Paying minimums on everything and throwing all spare money at the smallest balance first, then rolling that payment into the next one.
Snowball or avalanche?
Snowball (smallest balance first) gives quick wins; avalanche (highest interest first) saves the most money. Pick what you will actually finish.
How long until I am debt free?
Depends on payment size. This calculator gives the exact month count and total interest for your plan.