Debt Payoff Calculator
Compare the Snowball (smallest balance first) vs Avalanche (highest rate first) strategies. Avalanche saves more interest; Snowball builds momentum with quick wins. Both beat paying only minimums by years.
Debt NameBalanceAPR %Min Payment
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%
$/mo
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$/mo
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$/mo
$25,500 total · $560/mo minimums
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Any extra beyond minimums ($560/mo). Even $50–$100 extra speeds up payoff significantly.
Avalanche (highest rate first)
3 yr 10 mo
Total interest: $6,163
Pay off: Credit Card → Personal Loan → Car Loan
Snowball (smallest balance first)
4 yr 1 mo
Total interest: $8,009
Pay off: Personal Loan → Credit Card → Car Loan
Avalanche saves $1,846 in interest and pays off 3 months sooner than Snowball. Choose Avalanche if you're disciplined; choose Snowball if you need motivational quick wins.