Debt Snowball Compared to Avalanche

Compare paying smallest debt balance first with paying debt wey get highest interest rate first.

Your numbers

Months to clear debt with snowball method

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Rates and minimum payments wey you enter stay fixed, with no new borrowing. Payments happen after monthly interest. Actual statement rules fit differ.

Formula

Add monthly interest → pay minimums → share di budget wey remain by di order wey you choose

Compare paying smallest debt balance first with paying debt wey get highest interest rate first.

Example wey show the calculation

Debt balances, arranged to match the rates and payments: 1000, 2000
Nominal interest rates for one year (%): 0, 0
Smallest payments wey you must make every month: 50, 50
All the money wey you fit pay every month: 500

Months to clear debt with snowball method: 6 months
Months to clear debt with avalanche method: 6 months
Interest for snowball method: 0
Interest for avalanche method: 0
Interest wey avalanche method save: 0

Where e fit work and limits

Rates and minimum payments wey you enter stay fixed, with no new borrowing. Payments happen after monthly interest. Actual statement rules fit differ.

We check inputs for missing values and allowed ranges. Result wey pass the finite numeric range no go show. Rounding affect wetin display, while calculation use the model numeric precision.

Check your units and assumptions before you rely on result. Changing label no convert currency or physical unit.

Version of di formula: 6b85f4682604 · Example don get check: 2026-10-30

Method