Back to all calculators

Debt Payoff Strategy Comparison

FREE

Compare avalanche vs snowball debt payoff methods to find your optimal strategy

Debt Management

Inputs

Enter your information

Your Debts

Enter as percentage (e.g., 6.5 for 6.5%)

Enter as percentage (e.g., 6.5 for 6.5%)

Enter as percentage (e.g., 6.5 for 6.5%)

Extra Payment Strategy

Amount beyond minimum payments to apply toward debt payoff

Results

Fill in the inputs to see your results

Enter your data to calculate

How This Calculator Works

  • 1Add all your debts with balances, interest rates, and minimum payments
  • 2Enter any extra monthly payment you can afford beyond minimums
  • 3The Avalanche method pays highest interest rate debts first (mathematically optimal)
  • 4The Snowball method pays smallest balance debts first (psychological wins)
  • 5Compare total interest paid, time to debt freedom, and emotional impact
  • 6Choose the strategy that fits your personality and financial goals

⚡Unlock Pro Features

  • ✓Upload your student loan statement - AI auto-extracts balances, rates, and servicer info
  • ✓Ask AI Copilot: "Should I consolidate my loans first?" for instant analysis
  • ✓Compare impact of refinancing one debt while using avalanche on others
  • ✓AI suggests which debts to pay off first based on tax deductibility
  • ✓Track actual payments vs plan and get alerts when you're ahead/behind schedule
AI Curbside

Hi! I'm your AI financial advisor for physicians. Loading your personalized dashboard...

Powered by CopilotKit