Debt Snowball Calculator
Pay off debt smallest first. Debt snowball method with extra payment.
Use the Debt Snowball Calculator
Enter debts (smallest first) and extra payment. Debt snowball payoff is estimated.
Debts (smallest first)
Debt snowball: pay minimums, put extra on smallest balance.
Results
Months to payoff
19
Total to pay
$8,000
Total debt
$8,000
Snowball: pay off smallest first, roll its minimum into the next. Motivational; avalanche (highest rate) may save more interest.
How this calculator works
Enter up to 3 debts (balance and minimum), plus extra payment. Months to payoff are estimated.
How to interpret your results
Snowball motivates by quick wins. Increase extra payment to accelerate payoff.
FAQs
What is the debt snowball?▾
Pay minimums on all debts, put extra toward the smallest balance. When paid off, roll that payment to the next.
Snowball vs avalanche?▾
Snowball focuses on smallest balance (psychological wins). Avalanche focuses on highest rate (saves more interest).
Does this include interest?▾
Simplified model. For exact numbers, use a full amortization with rates per debt.
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