How this calculation works
Compare debt avalanche and snowball payoff plans using balances, rates, minimums, and an extra payment. The result is calculated locally in your browser from the visible inputs, and the method below remains available for checking.
Worked example
Three debts are projected under both strategies to compare debt-free month, total interest, and payoff order.
Assumptions and limits
- Rates and minimum payments remain unchanged and no new borrowing or fees occur.
Questions people ask
How does the Debt Payoff Calculator work?
It applies this displayed method: Both plans pay every minimum and roll extra cash to one target. Avalanche targets the highest annual rate; snowball targets the smallest balance. Values stay in your browser and are not submitted to a server.
What should I check before using the Debt payoff result?
Rates and minimum payments remain unchanged and no new borrowing or fees occur. This is an estimate, not a lender quote. Rates, fees, rounding and repayment rules vary by agreement.
Does this Debt payoff calculator save my information?
No. Calculation inputs are processed on this device. Sharing creates a URL only when you choose the share action.