Debt Payoff Calculator
Compare the debt snowball and avalanche methods to find the best strategy for paying off your debt faster. Enter your debts below to see your path to freedom.
Avalanche Method
Highest interest first
Snowball Method
Smallest balance first
Snowball vs. Avalanche: Which is Right for You?
Both methods are proven to help you become debt-free. The best choice depends on your personality and motivation style.
Debt Avalanche
Pay off highest interest rate first. Mathematically optimal - saves the most money on interest. Best for disciplined individuals who are motivated by numbers.
Debt Snowball
Pay off smallest balance first. Creates quick wins for motivation. Best for those who need psychological momentum to stay on track.
Disclaimer: This calculator is provided for educational and informational purposes only. Results are estimates based on the inputs you provide and may contain errors or inaccuracies. This tool does not constitute professional financial, investment, or tax advice. Individual circumstances vary, and you should consult with a qualified financial advisor, accountant, or other professional before making any financial decisions. We make no guarantees regarding the accuracy, completeness, or reliability of the calculations or results provided.
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