Snowball Debt Elimination Calculator

Use the debt snowball method to build momentum by paying off smallest debts first.

Your Debts

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Extra Payment

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How the Debt Snowball Works

  1. Pay minimums on all debts
  2. Put extra toward smallest balance
  3. When paid off, roll that payment to next smallest
  4. Repeat until debt-free!

Snowball Results

Snowball Method

Total Payoff Time37
Total Interest$3,274.09
Total Amount Paid$18,774.09

Avalanche Comparison

Payoff Time37
Total Interest$3,274.09
Interest Difference$0.00

Payoff Order (Snowball)

1Store Card
Month 3
$19 interest
2Credit Card 1
Month 11
$222 interest