Debt Payoff Calculator
Compare debt payoff strategies and find the fastest way to become debt-free. Use the snowball method (smallest balances first) or avalanche method (highest interest first).
Debt Payoff Calculator — Snowball vs Avalanche Payoff Planner
Compare debt payoff strategies: snowball (lowest balance first) vs avalanche (highest interest first). Calculate your time to debt freedom and total interest paid.
Your Debts
Total Debt$16,000
Time to Debt Free (avalanche)30 months2.5 years
Total Interest (avalanche)$2,954
Comparison: Snowball30 months$3,080 interest
Payoff Schedule
| Month | Payment | Remaining |
|---|---|---|
| 1 | $650 | $15,567 |
| 13 | $650 | $9,651 |
| 25 | $650 | $2,635 |
| 30 | $104 | $0 |