Debt Snowball vs Avalanche
See exactly how the order you attack your debts changes the time and interest you pay. Add your debts, set an extra monthly amount, and compare snowball (lowest balance first) vs avalanche (highest rate first).
Your debts
Snowball (lowest balance first)
6y 2m
Total interest: $8,660
Avalanche (highest rate first)
6 years
Total interest: $7,555
Avalanche vs snowball
Pay off 2 months sooner and save $1,106 in interest by using avalanche.
Snowball can still be better for motivation on small wins.
Comparison
- Total debt
- $46,900
- Snowball months
- 74
- Avalanche months
- 72
- Snowball interest
- $8,660
- Avalanche interest
- $7,555
The extra payment is applied after minimums to the current “target” debt in the chosen order. Once a debt is paid, the payment (min + extra) rolls to the next target. This is the classic snowball and avalanche behavior.
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