Debt Snowball Calculator
Total payoff time when every freed-up payment rolls into the next debt.
Enter your values
Results update instantly as you type — no submit needed.
Results
- Debt-free in
- 2 yr 5 mo
- Total starting debt
- $13,500.00
- Approximate interest paid
- $3,900.00
- Payoff order
- $800.00 → $3,200.00 → $9,500.00
Working
- 1Smallest balance is cleared first, then its payment rolls into the next debt.
Quick answer
The debt snowball clears the smallest balance first, then rolls that payment into the next debt, accelerating each payoff in turn.
How to use the Debt Snowball Calculator
- 1List every balance, separated by commas.
- 2Enter an average APR and your total monthly payment.
- 3Read the debt-free date and order.
Frequently asked questions
Snowball or avalanche?
Snowball targets the smallest balance for quick wins; avalanche targets the highest rate and costs less overall. Consistency matters more than the choice.
Should I keep paying minimums on the rest?
Yes — the total payment here covers all minimums plus the extra that attacks the target debt.