Not sure which debt to pay first? This free debt snowball calculator shows you the order, how long it will take to be debt free and how much interest you will pay. Enter your debts, add any extra monthly payment, and compare the snowball method (smallest balance first) with the avalanche method (highest interest rate first). It works on phone and computer, and nothing you type is saved or sent anywhere.
Debt Snowball Calculator
Enter your debts and see your payoff order, time and interest.
1. Your debts
Rate means the yearly interest rate (APR) in percent. Minimum is the smallest payment you must make each month.
2. Your plan
3. Your payoff plan
This is an estimate. It assumes a fixed rate, no new debt and the same total payment every month, and it ignores fees. Real balances can differ.
Want to track it on paper?
Print trackers, colour in a progress bar for every debt and watch your balances fall.
How it works: list each debt with its balance, yearly interest rate and minimum payment, then add any extra money you can pay each month. The calculator pays the minimum on every debt and puts all the extra money on the first debt in your chosen order. With the snowball method that is the smallest balance, and with the avalanche method it is the highest interest rate. When a debt is paid off, its payment rolls into the next one. You will see the order, the month each debt is cleared, the total interest and a comparison with the other method.
Good to know: this is an educational tool and not financial advice. Results are estimates and real balances can differ because of fees, changing rates or new purchases. If you are struggling with debt, a qualified non-profit credit counsellor can help.
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