Debt Payoff Strategy: Compare the Avalanche method (highest interest rate first) with the Snowball method (smallest balance first) to find the optimal approach for your situation. Both strategies free up cash flow faster than making minimum payments.
Enter Your Debts
Debt NameBalance ($)Rate (%)Min Payment ($)
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Interest Saved with Avalanche vs. Minimum Payments Only
Avalanche Method (Highest Rate First)
Total Interest Paid-
Payoff Timeline-
Total Amount Paid-
Snowball Method (Smallest Balance First)
Total Interest Paid-
Payoff Timeline-
Total Amount Paid-
Payoff Timeline Comparison
Year-by-Year Balance Summary (Avalanche)
Month
Disclaimer. Third-party product names and methodology names are the property of their respective owners. Reference does not imply endorsement or affiliation. This tool is the work product of Nate Cocco; the analysis is reviewed by Nate before any client recommendation.