Debt Snowball vs Avalanche Calculator

Compare the two debt payoff methods side by side.

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Snowball vs Avalanche

Enter your debts to compare both methods.

Avalanche wins by $0
0 months
vs Snowball: 0 months
Snowball: time
0 mo
Snowball: interest
$0
Avalanche: time
0 mo
Avalanche: interest
$0
Interest saved
$0
Months saved
0

Worked example

With the default inputs shown below, this calculator returns the following results:

InputValue
Debt 1 β€” balance / APR5000
Debt 2 β€” balance / APR10000
Debt 3 β€” balance / APR3000
Monthly payment ($)$600
ResultValue
Avalanche wins by $034 months
Snowball: time34 mo
Snowball: interest$2,279
Avalanche: time34 mo
Avalanche: interest$2,232
Interest saved$47

Values shown are produced by this page in your browser; change any input to update them.

How to use the Snowball vs Avalanche

  1. Debt 1 β€” balance / APR β€” default 5000
  2. Debt 2 β€” balance / APR β€” default 10000
  3. Debt 3 β€” balance / APR β€” default 3000
  4. Monthly payment ($) β€” default $600
  5. Press Calculate to update the results instantly.

Frequently asked questions

Sources & references