DEBT PLANNING
See which debts disappear first — and when you could be debt-free.
Compare two common payoff orders using the same debts and the same monthly payment. Then see what an extra monthly payment could change.
1–10 debtsSame monthly budgetNo account requiredRuns in your browser
Your debt details are not automatically saved.The calculator runs in this browser. Do not enter account numbers, card numbers or login details.
NEW TO THESE TERMS?
Snowball and Avalanche are just two payoff orders.
Snowball means paying the smallest balance first. Avalanche means paying the highest interest rate first.
YOUR DEBTS
How much do you owe?
Use one row for each debt you want to compare. The name is optional.
Monthly amount available from your Budget Planner
2 of 10 rows
Entered minimums: — · Extra: — · Total modeled monthly debt payment: —
Fixed-rate planning model · up to 50 years
PAYOFF PATH
See how the balances fall over time
The chart compares total remaining debt. The tables below keep the exact payoff order and monthly figures available without relying on hover.
Total remaining debt
Both methods use the same starting debts and total monthly payment.
Highest interest firstSmallest debt first
Debt payoff order
See when each debt is cleared under each method.
| Method | Order | Debt | Starting balance | Interest rate | Paid off |
|---|---|---|---|---|---|
| Calculate a plan to see the payoff order. | |||||
Monthly timeline
This full table is the text equivalent of the balance chart.
| Month | Highest-interest balance | Highest-interest interest paid | Smallest-debt balance | Smallest-debt interest paid |
|---|---|---|---|---|
| Calculate a plan to see the monthly timeline. | ||||
METHODOLOGY
How the calculation works
Interest is estimated monthlyEach debt uses the yearly interest rate you enter, divided into a monthly rate. Your lender's exact statement can differ if it uses daily interest, fees or another convention.
Minimum payments are paid firstThen the rest of the same monthly budget goes to the current target debt. When a debt is cleared, that freed payment moves to the next debt.
No payment is intentionally left unusedIf a debt is cleared part-way through a month, any unused amount moves to the next active debt in that same month.