Debt Payoff Strategist

Compare snowball vs avalanche methods across all your debts. See which saves more interest and your debt-free date.

Your Inputs

Number of Debts

Extra Monthly Payment ($)

Debt 1 — Balance ($)

Debt 1 — Interest Rate (%)

Debt 1 — Min Payment ($)

Debt 2 — Balance ($)

Debt 2 — Interest Rate (%)

Debt 2 — Min Payment ($)

Debt 3 — Balance ($)

Debt 3 — Interest Rate (%)

Debt 3 — Min Payment ($)

Debt 4 — Balance ($)

Debt 4 — Interest Rate (%)

Debt 4 — Min Payment ($)

Debt 5 — Balance ($)

Debt 5 — Interest Rate (%)

Debt 5 — Min Payment ($)

Snowball vs Avalanche

Snowball

42 months

$3,373 interest

Payoff order:

1. Debt 1

2. Debt 2

Avalanche

42 months

$3,373 interest

Payoff order:

1. Debt 1

2. Debt 2

Recommendation

Both methods cost the same. Choose whichever keeps you motivated.

Remaining Balance (First Year)

Mo 1

$19,542

Mo 2

$19,077

Mo 3

$18,607

Mo 4

$18,130

Mo 5

$17,647

Mo 6

$17,157

Want personalized advice on these results?

Alistair can analyze your situation in depth, remember your numbers, and give you a customized plan.

What Alistair will see:

Debt Payoff: Extra $200/mo toward 2 debts.

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