Debt Payoff Calculator

3 min

Compare debt snowball and avalanche strategies to reach zero faster.

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Debt-free on the avalanche plan

46 months

That is June 2030, paying $930 a month against $35,000 of debt.

35 months sooner than minimums

Minimums alone would take 81 months and cost $12,153 in interest.

This plan costs $6,883, saving $5,270.

What you owe over time

Minimums onlyYour avalanche plan

$35K$18K$0K

NowYear 2Year 4Year 5Year 7

Interest by strategy

Minimums only$12,153
Snowball$7,016
Avalanche$6,883

Avalanche saves$133

Your monthly payment

$930/ month

Minimum payments$73078%
Extra you add$20022%

Order you clear them

Highest rate first, so the most expensive debt stops charging you soonest.

1. Credit cardOctober 2028

2. Line of creditFebruary 2030

3. Car loanJune 2030

Estimates are based on the information and assumptions you provide and are for educational purposes only. This is not financial, tax, legal or lending advice.

What this means

Avalanche targets the highest rate first and saves $133 of interest compared with snowball on these balances.
Snowball clears the smallest balance first. The first win arrives sooner, which is why people stay with it.
Your extra $200 a month pulls the debt-free date in by about 35 months.

Look at one card in detail

Assumptions & methodology

Interest compounds monthly at the rate you entered.
Minimum payments stay flat rather than shrinking with the balance, which most card issuers recalculate each month.
No new spending is added to these balances.

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