Debt Snowball Calculator

You pay minimums on every debt and throw all extra money at the smallest balance first. When it clears, its payment rolls into the next smallest, so the amount attacking your debt grows like a snowball.

The avalanche method, paying the highest rate first, saves the most interest mathematically. The snowball clears small balances fast, which builds momentum and motivation. The best method is the one you stick with.

Minimum payments barely dent principal because most goes to interest. Adding even a small extra each month accelerates the smallest debt, and rolling freed payments forward compounds the effect across all debts.

If the minimums are smaller than the monthly interest, a balance can grow rather than shrink and never pays off. The calculator flags this so you know you need to raise payments or lower the rate.

No. These figures are estimates based on the balances, rates and payments you enter. Confirm exact terms with your lenders, and watch for fees or rate changes that can affect the plan.