Debt Snowball vs Avalanche
Compare smallest-balance-first and highest-rate-first repayment.
Your numbers
Snowball repayment months
Fixed rates, fixed entered minimums and no new borrowing. Payments occur after monthly interest. Actual statement rules can differ.
Scenario comparison
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Formula
Accrue monthly interest → pay minimums → allocate remaining budget by selected order
Compare smallest-balance-first and highest-rate-first repayment.
Worked example
- Debt balances in matching order
- 1000, 2000
- Nominal annual rates (%)
- 0, 0
- Minimum monthly payments
- 50, 50
- Total monthly budget
- 500
- Snowball repayment months
- 6 months
- Avalanche repayment months
- 6 months
- Snowball interest
- 0
- Avalanche interest
- 0
- Interest saved by avalanche
- 0
Scope and limitations
Fixed rates, fixed entered minimums and no new borrowing. Payments occur after monthly interest. Actual statement rules can differ.
Inputs are checked for missing values and allowed ranges. A result outside the finite numeric range is not displayed. Rounding affects display, while the calculation uses the model’s numeric precision.
Check your units and assumptions before relying on a result. Changing a label does not convert a currency or physical unit.
Formula version: 6b85f4682604 · Example checked: