ABC Tools
Debt Snowball vs Avalanche illustration

Debt Snowball vs Avalanche

Simulates paying off multiple debts with the snowball method (smallest balance first) and the avalanche method (highest rate first), comparing time to debt-free, total interest and payoff order.

Read the full guide to this tool

Four columns per line: a name, the balance, the annual rate in %, and the minimum monthly payment.
Amount available on top of all the minimum payments.

Notes

  • Avalanche is mathematically cheapest; snowball wins psychologically by clearing whole debts sooner. The difference is often smaller than people expect.
  • This is an educational estimate, not financial advice; talk to a qualified adviser before making money decisions.

Related tools

Amortization Schedule Calculator

Full month-by-month loan schedule with CSV export.

Credit Card Payoff Calculator

Months to debt-free at a given monthly payment.

Extra Loan Payment Calculator

Interest and years saved by paying extra.

Loan Calculator

Monthly payment, total interest and full schedule.

APR from Fees Calculator

True yearly cost of a loan once fees are counted.

Debt Consolidation Calculator

Current debts vs one consolidating loan.