Finance & Economics / Personal Finance
Debt Avalanche vs Snowball Comparison Calculator
Your Debts
Extra Payment
Additional amount to pay each month beyond minimum payments
How to Use This Calculator
Compare two popular debt payoff strategies to see which one saves you more money and gets you debt-free faster.
Debt Avalanche: Prioritizes debts by highest interest rate. Mathematically optimal - saves the most money.
Debt Snowball: Prioritizes debts by smallest balance. Psychologically motivating - gets quick wins.
Use this debt avalanche vs snowball comparison calculator to compute personal finance results from your inputs.
Formula
For each debt: Months to payoff = -log(1 - (Balance × Monthly rate / Payment)) / log(1 + Monthly rate) Total interest per loan = (Payment × Months) - Balance Avalanche: Sort by highest interest rate first Snowball: Sort by lowest balance first