Debt Payoff: your plan to be debt-free
List your debts, choose how much extra you can pay each month, and compare the two classic strategies: Snowball (smallest balance first) and Avalanche (highest interest first).
Your debts
Example values. Replace them with your own.
Extra payment each month
Paid on top of all minimum payments. Freed-up minimums roll into the next debt.
Your results
Highest interest first: the lowest total cost.
Debt-free in
46 months
Debt-free by September 2030
Avalanche saves you $428 in interest compared with Snowball. It also gets you debt-free one month sooner.
- Total interest
- $4,425
- Monthly payment
- $700
Total balance over time
Payoff order
- 1Credit cardmonth 23
- 2Car loanmonth 24
- 3Student loanmonth 46
Education only, not financial advice. Results are estimates based on the numbers you enter.