Debt Snowball Calculator
Enter your debts and an extra monthly payment to see how fast the snowball method, smallest balance first, clears them and what it costs in interest.
- Free
- 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 methodsnowball
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 snowball method?
You pay the minimum on every debt, then put all spare money toward the smallest balance. Clearing whole debts quickly builds momentum and motivation.
Does snowball cost more than avalanche?
Usually a little, because it ignores interest rates. Switch the method to avalanche to see the interest difference for your own debts.