Free Debt Snowball Calculator

    Enter your debts, choose an extra payment, and see exactly which one to attack first, when you'll be debt free, and how much interest you'll save. No signup, no email, no spam.

    Your Debts

    Snowball method

    Smallest balance first.

    1. Credit Card Apaid off in month 10
    2. Credit Card Bpaid off in month 28
    3. Personal Loanpaid off in month 37
    Total months:37
    Total interest:$2,459

    Avalanche method

    Highest APR first.

    1. Credit Card Apaid off in month 10
    2. Credit Card Bpaid off in month 28
    3. Personal Loanpaid off in month 37
    Total months:37
    Total interest:$2,459

    Switching from snowball to avalanche would save you

    $0 in interest

    Snowball gives you faster psychological wins. Avalanche saves the most money. Pick whichever you'll actually stick with.

    How to use this calculator

    1. Add every debt you owe: balance, APR, and minimum monthly payment.
    2. Enter how much extra you can afford to throw at debt each month.
    3. Compare the snowball plan (smallest balance first) and the avalanche plan (highest APR first).
    4. Pick the plan you'll actually stick with and start this month.

    Frequently asked questions

    How does the debt snowball method work?

    The debt snowball method has you list your debts from smallest balance to largest, ignoring interest rates. You make minimum payments on every debt and throw any extra money at the smallest balance. Once it's paid off, you roll its payment into the next-smallest debt, building momentum like a snowball rolling downhill.

    Is a debt snowball calculator accurate?

    Yes. A debt snowball calculator applies your actual balances, APRs, and minimum payments month by month, so the payoff order and total interest are precise as long as your inputs are accurate. Rates and minimums can change, so re-run the calculator any time a statement changes.

    Should I use the snowball or avalanche method?

    The avalanche method (highest APR first) usually saves more interest. The snowball method (smallest balance first) usually pays off individual accounts faster, which keeps people motivated. If your debts are similar in size, the two methods produce nearly identical results. This calculator shows both so you can compare.

    Do I need to sign up to use this calculator?

    No. The Debt Hitman snowball calculator is completely free and runs entirely in your browser. We do not store your balances, ask for your email, or require an account.

    How much extra should I put toward my smallest debt?

    Any amount accelerates payoff. Even an extra $25 a month can shave months off your timeline. Try different extra-payment amounts in the calculator above to see exactly how much faster you'd be debt free and how much interest you'd save.

    Keep going