Debt Avalanche Calculator
Use the debt avalanche method to pay off high-interest debt first. Calculate how much you can save on interest and become debt-free faster.
Step 1: Debt Details
Understanding Debt Avalanche
The debt avalanche method prioritizes paying off debts with the highest interest rates first, saving you the most money on interest over time.
Step 2: Strategy Details
Avalanche vs Snowball
Debt avalanche saves more on interest, while debt snowball (paying smallest debts first) provides quicker psychological wins. Choose based on your financial personality.
Debt Payoff Results
Total Interest Saved with Avalanche Method
Debt Repayment Method Comparison
| Method | Payoff Time | Total Interest | Interest Saved | Monthly Payment |
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Debt Payoff Timeline
Debt Avalanche Formula
Monthly Interest = Balance × (Annual Rate ÷ 12)
The debt avalanche method calculates interest on your highest-rate debt first. Each month, you pay minimums on all debts and put extra toward the highest-interest debt until it’s paid off.
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