Debt Snowball Calculator
Estimate debt payoff timeline using the snowball method (smallest balance first). Free debt payoff calculator with payoff order.
The debt snowball method orders debts by balance from smallest to largest. This calculator provides illustrative estimates of your payoff timeline when applying extra payments to the smallest balance first, then rolling freed payments to the next debt.
Calculator
Common use cases
- Planning a debt payoff strategy
- Estimating time to become debt-free
- Understanding how extra payments affect payoff
How to use
- Add each debt with its name, balance, APR, and minimum payment
- Optionally enter an extra monthly payment amount
- View the estimated payoff order and timeline
FAQ
What is the snowball method?
The snowball method pays off debts from smallest balance to largest. When one debt is paid off, its payment rolls to the next smallest debt.
How is this different from avalanche?
Snowball orders by balance (smallest first), while avalanche orders by interest rate (highest first). They use the same payment math.
This calculator provides illustrative estimates for planning purposes only and does not constitute financial, tax, or legal advice.