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Debt payoff planner
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Compare the snowball and avalanche methods for paying off credit cards and loans, with your debt-free date and total interest for each.
How this calculator works
Both methods pay the minimum on every debt and put every extra dollar toward one target debt. When a debt is paid off, its payment rolls over to the next one, so your payments snowball. The snowball method targets the smallest balance first, which gives quick wins that keep many people motivated. The avalanche method targets the highest interest rate first, which always costs the least in interest. The best plan is the one you will stick with, and the extra monthly amount matters far more than the order.
Common questions
Which is better, snowball or avalanche?
Avalanche, paying the highest interest rate first, always costs the least interest. Snowball, paying the smallest balance first, gives faster early wins. The difference is often small, and the extra amount you pay each month matters far more than the order.
What happens when a debt is paid off?
Its minimum payment rolls over to the next target debt, so your total monthly payment stays the same while more of it goes toward principal.
Disclaimer: This calculator is for education and planning only and is not financial advice. Actual rates, fees, and terms vary by lender and your credit, so confirm the numbers with your lender before you sign anything.
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