Debt Payoff Calculator
Compare Debt Avalanche vs Debt Snowball methods to see which strategy saves more money and gets you debt-free faster.
Your Debts
Debt #1
Debt #2
Debt #3
$500/month
This is the extra amount you can pay toward debt each month, in addition to minimum payments.
Debt Avalanche
Pay extra toward the debt with the highest interest rate first. This method saves the most money.
Total Interest Paid
$4,876
Time to Debt-Free
4 years 6 months
Total Months
54 months
Debt Snowball
Pay extra toward the debt with the smallest balance first. This method provides faster psychological wins.
Total Interest Paid
$4,876
Time to Debt-Free
4 years 6 months
Total Months
54 months
WealthLogic Recommendation
Debt Snowball is the better financial choice.
While Snowball may feel more motivating, Avalanche would save you:
$0
more in interest. However, if psychological wins help you stay motivated, Snowball can still be effective.
Total Debt Over Time
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