Debt Avalanche Calculator

The debt avalanche method prioritizes the debt with the highest interest rate while you continue making minimum payments on your other debts.

Extra Monthly Payment ($)

Debt 1

Debt Name

Balance ($)

Interest Rate (%)

Minimum Payment ($)

Debt 2

Debt Name

Balance ($)

Interest Rate (%)

Minimum Payment ($)

Debt 3

Debt Name

Balance ($)

Interest Rate (%)

Minimum Payment ($)

Enter your debts and click Calculate Avalanche.

How it works: The avalanche method generally directs extra payment money toward the debt with the highest interest rate first.

What Is the Debt Avalanche Method?

The debt avalanche method prioritizes debts according to interest rate. You continue making the required minimum payments on your other debts while directing additional available money toward the highest-interest debt.

Once the highest-interest debt is paid off, the payment amount can be redirected toward the next highest-interest debt.

Avalanche vs. Snowball

The avalanche method prioritizes interest rate, while the snowball method prioritizes the smallest balance. The best strategy for an individual can depend on their debts, payments and personal circumstances.