Debt Payoff Planner
Compare snowball and avalanche strategies for multiple debts and see which one pays off faster versus cheaper.
Debts tracked
3
Fastest strategy
Avalanche
Lowest interest
Avalanche
Months saved
1
Interest gap
$363.75
Extra payment
$350.00
Strategy readout
Avalanche finishes faster in this scenario, while Avalanche produces the lower total interest cost.
Avalanche
Payoff time: 29 months
Interest paid: $3,350.92
Balance after 12 months: $10,193.11
Order: Credit card A -> Credit card B -> Personal loan
Snowball
Payoff time: 30 months
Interest paid: $3,714.67
Balance after 12 months: $10,820.58
Order: Credit card B -> Credit card A -> Personal loan
Assumptions
This planner assumes fixed APRs, stable minimum payments, and no new charges. Real accounts can re-amortize or change terms, so treat the result as a planning model.