Hasebah

Debt Payoff Calculator

Compare avalanche vs snowball, and see the payoff order, timeline, and interest saved.

Decision calculatorFully localized assumptionsGlobal-readyScenario comparisonInteractive chart

Last updated: 2026-06-03

This calculator uses generic assumptions. Use advanced mode to override them for a more accurate result.

Inputs

Input mode
Debts2
#1
#2

Formula transparency

Source: default
Constant outlay = Σ minimums + extra · funnel by rate or balance

How to use it

  1. Add each debt: balance, rate, and minimum payment.
  2. Pick avalanche (cheapest) or snowball (motivation).
  3. Add an extra monthly amount to accelerate.

Example

  • Two debts (3,000 @24% and 5,000 @12%) with 100 extra clear years sooner than minimums alone.

What the result means

The payoff order shows which debt to clear first; the strategy comparison shows the interest each method costs.

Common mistakes

  • Spreading extra payments evenly instead of targeting one debt.
  • Taking on new debt mid-plan.

Limitations

  • Assumes constant rates and a steady total payment.
  • Estimate only.

Frequently asked

Avalanche vs snowball?
Avalanche targets the highest rate (cheaper); snowball the smallest balance (faster motivation).
How many debts can I add?
Up to 12, each optionally named.
What if payments are too low?
We warn you if the budget can't cover interest and debts won't clear.
Is the extra rolled over?
Yes — when a debt clears its minimum rolls into the next (snowball effect).
Is this financial advice?
No — an educational estimate to help you plan.

Related calculators

Results are estimates and not professional advice. Verify important decisions with a qualified professional.