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Debt Payoff Calculator

Compare the avalanche and snowball debt payoff strategies. See how extra payments accelerate your path to being debt-free.

Not all debt payoff strategies are created equal. This calculator compares two popular approaches:

  • Avalanche Method — Pay off the highest interest rate debt first. Saves the most money.
  • Snowball Method — Pay off the smallest balance first. Builds momentum with quick wins.

Add your debts below, set an extra monthly payment amount, and see which strategy works best for you.