Debt Repayment Calculator
Compare debt payoff strategies - Avalanche vs Snowball. See how much interest you can save and how quickly you can become debt-free with extra payments.
Your Debts
Amount above minimum payments
By using the Avalanche method with extra payments:
This calculator compares two popular debt repayment strategies: **Avalanche Method**: Pay extra toward highest interest debt first • Mathematically optimal • Saves the most money on interest • May take longer to see debts disappear **Snowball Method**: Pay extra toward smallest balance first • Provides quick wins for motivation • Costs slightly more in interest • Debts disappear faster (psychologically rewarding) Both methods: Pay minimums on all debts, then direct extra payments strategically.
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