🏔️ Debt Avalanche Calculator
Calculate debt payoff using avalanche method (highest rate first)
Your Debts
Extra payment applied to highest rate debt
How to Use This Calculator
Enter Your Debts
Add all your debts with their balances, interest rates (APR), and minimum payments. Click "Add Another Debt" for multiple debts.
Enter Extra Payment
Enter any extra monthly payment you can make beyond minimum payments. This will be applied to the highest interest rate debt first.
Calculate Payoff
See how the avalanche method (paying highest rate first) works, including total time to pay off, total interest, and payoff order.
About Debt Avalanche Calculator
The debt avalanche method is a debt payoff strategy where you pay minimum payments on all debts, then apply any extra payment to the debt with the highest interest rate first. Once that debt is paid off, you move the extra payment to the next highest rate debt. This method minimizes total interest paid and is mathematically the most efficient payoff strategy. This calculator shows you how the avalanche method works for your debts.
When to Use This Calculator
- Debt Payoff Strategy: Plan your debt payoff using the avalanche method
- Interest Minimization: Minimize total interest paid
- Multiple Debts: Manage multiple debts efficiently
- Strategy Comparison: Compare avalanche vs. snowball method
Debt Avalanche vs. Debt Snowball
- Avalanche: Pay highest rate first - saves most interest
- Snowball: Pay smallest balance first - provides motivation
- Mathematical: Avalanche is mathematically superior (less interest)
- Psychological: Snowball provides faster wins (more motivating)
Why Use Our Calculator?
- ✅ Strategy Planning: See how avalanche method works
- ✅ Interest Savings: Calculate total interest saved
- ✅ Payoff Timeline: See when each debt will be paid off
- ✅ Multiple Debts: Handle any number of debts
- ✅ 100% Free: No registration or payment required
Frequently Asked Questions
What is the debt avalanche method?
The debt avalanche method involves paying minimum payments on all debts, then applying any extra payment to the debt with the highest interest rate first. Once paid off, move to the next highest rate. This minimizes total interest paid.
Why choose avalanche over snowball?
Avalanche saves more money in interest because you pay off high-rate debts first. Snowball provides faster psychological wins by paying off small debts first. Choose avalanche if you want to save the most money, or snowball if you need motivation.
How much can I save with avalanche method?
Savings depend on your debt amounts and rates. Typically, avalanche saves hundreds to thousands in interest compared to paying debts randomly or using snowball. Use this calculator to see your exact savings.