Free Debt Payoff Planner — Snowball vs Avalanche, Side by Side
Enter debts (balance, APR, minimum payment) and see snowball vs avalanche payoff schedules side by side: months to debt-free, total interest, PDF summary.
A planning aid, not financial advice.
How to use this tool
- 1
Enter each debt: balance, APR and minimum payment.
- 2
Set the extra amount you can put toward debt each month.
- 3
Compare snowball vs avalanche — months, interest and debt-free date side by side.
- 4
Export the PDF summary and keep it where you pay bills.
FAQ
▸Snowball or avalanche — which pays off debt faster?
Avalanche (highest APR first) always pays the least interest in pure math. Snowball (smallest balance first) frees up minimums sooner and wins on motivation. This planner shows both schedules side by side so you can compare the dates and dollars for YOUR debts.
▸How does the extra payment work?
Every debt receives its minimum each month; your extra payment (and the minimums freed as debts retire) piles onto the strategy's target debt. Raising the extra shows the debt-free date move closer instantly.
▸Is this debt advice?
No — it's a planning aid that does the arithmetic, not financial advice. For decisions about consolidation, settlement or bankruptcy talk to a qualified professional.