Free Calculator

Debt Snowball Calculator

Estimate how quickly you can pay off multiple debts using the debt snowball method. Enter balances and minimum payments, then apply extra money to your smallest debt first.

Enter your debts

Example format: Visa,3200,24.99,95

Snowball payoff estimate

Debt-Free Date
Months to Pay Off
Total Interest
Total Paid
Payoff order

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What is the debt snowball method?

You pay minimums on all debts and put extra money toward the smallest balance first. When one debt is paid off, that payment rolls into the next debt.

Is debt snowball better than avalanche?

Snowball is great for momentum and motivation. Avalanche usually saves more interest. The best strategy is the one you stick with.