Debt Payoff Planner

There are two popular ways to pay off several debts. The snowball method pays the smallest balance first for quick wins. The avalanche method pays the highest interest rate first, which usually costs less in interest. Both work if you keep paying.

Add each debt with its balance, interest rate and minimum payment, then add any extra amount you can pay each month. The planner compares both methods side by side: how many months until you are debt-free, how much interest you pay and the order your debts get paid off. Everything is calculated in your browser.