Debt Payoff Planner
Compare Avalanche (highest rate first) vs Snowball (smallest balance first) strategies to become debt-free fastest.
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How this calculator works
The Avalanche method (pay highest interest rate debt first) saves the most money mathematically. The Snowball method (pay smallest balance first) gives quicker psychological wins that help you stay motivated. This calculator shows both paths so you can choose based on your situation.
Avalanche: Sort by rate (high→low). Snowball: Sort by balance (low→high). Extra payment always goes to the top-priority debt.
Last updated: March 2026 · Rates and slabs updated for FY 2025-26
Avalanche saves more
On average, Avalanche saves 8–15% more interest than Snowball — significant on multiple high-rate debts.
Snowball feels better
Research shows Snowball works better for people who struggle with motivation — quick wins keep you going.
Never miss minimums
Always pay at least the minimum on every debt. Late payments damage credit score and attract penalties.
Frequently Asked Questions
On average, Avalanche saves 8–15% more interest than Snowball — significant on multiple high-rate debts.
Research shows Snowball works better for people who struggle with motivation — quick wins keep you going.
Always pay at least the minimum on every debt. Late payments damage credit score and attract penalties.