Debt
Debt payoff: snowball vs avalanche
The snowball clears smallest balances first for quick wins; the avalanche targets the highest interest rate to save the most money. Enter your debts and an extra monthly payment to see how they compare.
Your debts
NameBalanceAPR %Min/mo
Snowball (smallest first)
3 yr 1 mo
$3,786 interest paid
Avalanche (highest APR first)
2 yr 11 mo
$3,087 interest paid
Avalanche interest$3,087
Snowball interest$3,786
Difference in interest$698
Avalanche saves the most interest.
Cut the interest while you pay
A 0% balance-transfer card or a lower-rate consolidation loan can stop interest from working against you — so more of every payment clears the balance.
Estimates assume fixed rates and steady payments. If a minimum doesn’t cover monthly interest, payoff stalls — increase the extra payment. Not financial advice.