Debt Payoff Calculator
Plan debt repayment using the Snowball or Avalanche method.
Paying off debt efficiently requires a clear strategy and disciplined budgeting. Learn how debt payoff strategies work.
Total debt: —
This calculator compares common debt payoff strategies.
Example
Debts: 5,000 + 12,000 + 3,000
Total debt = 20,000
Snowball vs Avalanche
The Snowball method focuses on motivation by paying off the smallest balances first. The Avalanche method minimizes interest by targeting the highest rates first.