Debt Avalanche Calculator
Enter your debts and an extra monthly payment to see how fast the avalanche method, highest rate first, clears them and the interest it saves.
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- No sign-up
Enter your debts and monthly payment to see your payoff plan.
Worked example
With these example inputs:
- Debt 1 balance$5,000
- APR22%
- Debt 2 balance$8,000
- APR18%
- Debt 3 balance$3,000
- APR25%
- Extra payment$300
- Payoff methodavalanche
Debt-free in: 3 yr 7 mo
- Total debt$16,000
- Total interest$5,189
- Total of payments$21,189
- Interest saved$19,065
Frequently asked questions
What is the avalanche method?
You pay the minimum on every debt, then put all spare money toward the debt with the highest interest rate. It clears the most expensive debt first and saves the most interest.
Is avalanche better than snowball?
Avalanche almost always costs less interest and is rarely slower. Snowball clears small balances first for motivation, but usually pays a little more overall.