All Calculators
Debt Payoff Calculator
Compare debt snowball and avalanche strategies to find the fastest way to become debt-free. Enter your debts below and see how extra payments can accelerate your payoff timeline.
Your Debts
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Avalanche Method
Pay off highest interest rate first. Mathematically optimal - saves the most money on interest over time.
Snowball Method
Pay off smallest balance first. Quick wins provide psychological motivation to stay on track.
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$45,000
Total Debt
6 years, 5 months
Time to Debt-Free
$7,324
Total Interest
$0
Saved with Snowball
Strategy Comparison
Avalanche Method
Payoff Time6 years, 5 months
Total Interest$7,324
Total Paid$52,324
Snowball Method
Payoff Time6 years, 5 months
Total Interest$7,324
Total Paid$52,324
Debt Balance Over Time
Avalanche Method
Snowball Method
Monthly Payment Schedule (Avalanche)
| Month | Total Payment | Principal | Interest | Remaining Balance | Notes |
|---|---|---|---|---|---|
| 1 | $980 | $711 | $269 | $44,289 | |
| 2 | $980 | $718 | $262 | $43,571 | |
| 3 | $980 | $725 | $255 | $42,846 | |
| 4 | $980 | $731 | $249 | $42,115 | |
| 5 | $980 | $738 | $242 | $41,376 | |
| 6 | $980 | $745 | $235 | $40,631 | |
| 7 | $980 | $752 | $228 | $39,879 | |
| 8 | $980 | $760 | $220 | $39,119 | |
| 9 | $980 | $767 | $213 | $38,352 | |
| 10 | $980 | $774 | $206 | $37,578 | |
| 11 | $980 | $782 | $198 | $36,797 | |
| 12 | $980 | $789 | $191 | $36,007 | |
| 13 | $980 | $797 | $183 | $35,211 | |
| 14 | $980 | $805 | $175 | $34,406 | |
| 15 | $980 | $812 | $168 | $33,594 | |
| 16 | $980 | $820 | $160 | $32,774 | |
| 17 | $1,130 | $978 | $152 | $31,795 | Credit Card (Paid Off!) |
| 18 | $830 | $685 | $145 | $31,110 | |
| 19 | $830 | $689 | $141 | $30,421 | |
| 20 | $830 | $692 | $138 | $29,729 | |
| 21 | $830 | $696 | $134 | $29,034 | |
| 22 | $830 | $699 | $131 | $28,334 | |
| 23 | $830 | $703 | $127 | $27,632 | |
| 24 | $830 | $706 | $124 | $26,925 | |
| 25 | $830 | $710 | $120 | $26,216 | |
| 26 | $830 | $713 | $117 | $25,502 | |
| 27 | $830 | $717 | $113 | $24,785 | |
| 28 | $830 | $721 | $109 | $24,064 | |
| 29 | $830 | $724 | $106 | $23,340 | |
| 30 | $830 | $728 | $102 | $22,612 | |
| 31 | $830 | $732 | $98 | $21,880 | |
| 32 | $830 | $735 | $95 | $21,145 | |
| 33 | $830 | $739 | $91 | $20,405 | |
| 34 | $830 | $743 | $87 | $19,662 | |
| 35 | $830 | $747 | $83 | $18,916 | |
| 36 | $1,180 | $1,101 | $79 | $17,815 | Car Loan (Paid Off!) |
| 37 | $480 | $406 | $74 | $17,409 | |
| 38 | $480 | $407 | $73 | $17,002 | |
| 39 | $480 | $409 | $71 | $16,593 | |
| 40 | $480 | $411 | $69 | $16,182 | |
| 41 | $480 | $413 | $67 | $15,769 | |
| 42 | $480 | $414 | $66 | $15,355 | |
| 43 | $480 | $416 | $64 | $14,939 | |
| 44 | $480 | $418 | $62 | $14,521 | |
| 45 | $480 | $419 | $61 | $14,102 | |
| 46 | $480 | $421 | $59 | $13,681 | |
| 47 | $480 | $423 | $57 | $13,258 | |
| 48 | $480 | $425 | $55 | $12,833 | |
| 49 | $480 | $427 | $53 | $12,406 | |
| 50 | $480 | $428 | $52 | $11,978 | |
| 51 | $480 | $430 | $50 | $11,548 | |
| 52 | $480 | $432 | $48 | $11,116 | |
| 53 | $480 | $434 | $46 | $10,682 | |
| 54 | $480 | $435 | $45 | $10,247 | |
| 55 | $480 | $437 | $43 | $9,810 | |
| 56 | $480 | $439 | $41 | $9,370 | |
| 57 | $480 | $441 | $39 | $8,929 | |
| 58 | $480 | $443 | $37 | $8,487 | |
| 59 | $480 | $445 | $35 | $8,042 | |
| 60 | $480 | $446 | $34 | $7,595 |