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Debt Avalanche Calculator

Build a debt payoff plan that targets your highest-interest debt first, then rolls each paid-off payment into the next one.

Free No signup Runs in your browser

Your Details

Your Debts
Debt 1
Debt 2
Debt 3

Enter each debt's current balance, APR, and minimum monthly payment.

Optional. Added on top of all minimum payments.

Your calculations are performed locally in your browser. Nothing you enter is sent or stored.

Your Results Estimate

Estimated Payoff Time —
Debt-Free Date
—
Total Interest
—
Interest Saved vs. Minimum Payments
—
Total Monthly Payment
—
Total balance reduction over time

Results are estimates based on the assumptions you entered. Actual results will vary and are not guaranteed.

About the Debt Avalanche Calculator

With the debt avalanche method, you pay the minimum on every debt and direct any extra money to the debt with the highest APR. Once it is paid off, that payment moves to the debt with the next-highest rate.

Enter your debts to see your estimated payoff time, debt-free date, total interest, and payoff order, plus the snowball method's numbers with the same payments for comparison.

How It Works

Each month, interest is added to every balance at its APR ÷ 12. Every debt receives its minimum payment, and the rest of your monthly budget goes to the debt with the highest APR (ties go to the smaller balance).

When a debt is paid off, your monthly budget stays the same and the freed-up payment is applied to the next-highest-rate debt until every balance is $0.

Formula

Monthly interest on each debt
Interest = Balance × APR / 12
Monthly budget (constant)
Budget = Σ minimum payments + extra payment
Focus payment
Focus debt payment = Budget − minimums on all other open debts

Example

Three debts — Credit card A: $3,000 at 24.99% ($90 minimum), Car loan: $12,000 at 6.5% ($280), Credit card B: $800 at 19.99% ($35) — plus $200 extra per month.

Inputs

Total balance
$15,800
Minimums
$405/mo
Extra payment
$200/mo

Results

Avalanche payoff time
2 years, 5 months
Avalanche total interest
$1,741.49
Snowball (same payments)
$1,776.69
Saved vs. minimums only
$2,338.84

Both methods use the same monthly budget; only the order of focus payments changes. Interest saved is compared with paying only each debt's minimum without rolling payments over.

Assumptions & Limitations

  • Fixed APRs and minimum payments; real minimum payments on credit cards usually fall as balances fall.
  • No new charges on any account during payoff.
  • Interest is charged monthly at APR ÷ 12; lenders may use daily balances.
  • Payments rolled over: when a debt is paid off, its minimum is added to the next focus debt.
  • Not included: fees, promotional 0% periods ending, balance transfers, and consolidation loans.

Understanding Your Results

  • Estimated Payoff Time: How long until every debt reaches $0 with this method.
  • Interest Saved: Difference in total interest compared with paying only each minimum (no rollover, no extra).
  • Method comparison: Snowball and avalanche results side by side with the same payments, showing numerical differences only.

Frequently Asked Questions

What is the difference between the snowball and avalanche methods?
The snowball method pays off the smallest balance first; the avalanche method targets the highest APR first. With the same payments, avalanche usually costs less interest, while snowball clears individual debts sooner, which some people find motivating.
Is one method always better?
No. They involve different tradeoffs between total cost and early progress. The comparison table shows the numbers for both so you can decide what matters more to you.
Why target the highest APR first?
Money applied to the highest-rate balance reduces the most expensive interest first, which typically lowers total interest. The first account may take longer to pay off than with the snowball method.
What if my payments don't cover the interest?
The calculator shows a message when your total payments are not more than the combined monthly interest, because the debts could not be repaid.
Does this affect my credit score?
This calculator does not estimate credit scores. Paying down balances changes factors such as utilization, but outcomes vary.