Debt Payoff Calculator
Compare two proven strategies. Avalanche targets the highest rate first to save the most money; snowball clears the smallest balance first for quick wins. Set your debts and an extra amount to throw at them.
On top of minimum payments, rolled to the next debt as each clears.
- Total debt today
- $40,000
- Total interest
- $7,213
- Total paid
- $47,213
- Payoff order
- Credit card → Car loan → Student loan
Using the avalanche method, your debts clear in this order: Credit card, Car loan, Student loan. You'll be debt-free in 6 yrs 1 mo.
Estimates only — not financial advice. They produce estimates based on the figures you enter and do not account for every fee, tax or change in rate.
The rollover effect
Both methods rely on momentum: once a debt is gone, you don't pocket its payment — you add it to the next debt. Each cleared balance frees up more cash for the next, so the final debts fall fastest. That's why a steady extra amount has an outsized effect.