Credit
Debt Payoff Calculator
Snowball vs. avalanche: your fastest route to zero balance.
Enter your numbers above.
Estimates only — not financial advice. See assumptions below.
How this works
Assumptions
- Minimum payments of 2% of balance (min $25) simulated per debt.
- Extra payment goes to the target debt per chosen strategy.
- No new charges; monthly compounding.
FAQ
Snowball or avalanche?
Snowball (smallest balance first) wins on psychology — quick wins keep you going. Avalanche (highest rate first) wins on math — least interest paid. Pick the one you'll stick with.
How is this simulated?
Month by month: interest accrues, minimums are paid, then your extra payment attacks the target debt. Transparent simulation, no black box.
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