Debt Snowball Calculator
The snowball method pays the smallest balance first while paying minimums on the rest. Each payoff frees up money that rolls into the next debt, which builds momentum.
Results
How it works
Each month interest is added, minimums are paid, then the extra plus any freed minimums go to the smallest open balance. The same numbers are run with avalanche for comparison.
FAQ
Is snowball or avalanche better?
Avalanche usually costs less interest. Snowball gives quicker wins, which helps some people stick with it. The comparison shows the gap for your debts.
Do freed minimums roll over?
Yes. When a debt is paid off its minimum keeps going toward the next target.
Why does my lender show a different date?
Lenders compute interest daily and may change minimums. This is a monthly estimate.
Related calculators
Estimates, not tax or financial advice. Check important numbers with a qualified professional.