Debt Repayment Calculator

Strategies Explained

Avalanche: Pay minimums on all, put extra towards highest interest rate debt. Saves most money.

Snowball: Pay minimums on all, put extra towards lowest balance debt. Builds momentum quickly.

Examples

• $5k at 20% + $10k at 10% -> Avalanche targets $5k first due to rate.
• $1k at 5% + $10k at 20% -> Snowball targets $1k first due to balance.
• Adding extra $100/mo can shave years off repayment!

FAQ