Debt Payoff Optimizer
Compare the avalanche (highest APR first) and snowball (lowest balance first) methods. See the fastest, cheapest path to becoming debt-free.
NameBalanceAPR %Min Payment
$
%
$
$
%
$
$
Total balance: $18,500Total min payments: $410/moWith extra: $610/mo
Avalanche: Total Interest
$3,520
Paid off in 3 yr 4 mo
Snowball: Total Interest
$3,520
Paid off in 3 yr 4 mo
Interest Saved (Avalanche)
$0
vs. snowball method
Months Saved (Avalanche)
Same
Strategy Comparison
Avalanche (Highest APR First)
Months to payoff
3 yr 4 mo
Total interest
$3,520
Total paid
$22,020
Payoff order
Credit Card → Car Loan
Snowball (Lowest Balance First)
Months to payoff
3 yr 4 mo
Total interest
$3,520
Total paid
$22,020
Payoff order
Credit Card → Car Loan