Debt Avalanche vs Snowball Calculator

    Compare two popular debt payoff strategies and see which saves you more money.

    $
    $0$200,000

    Leave at 0 if you have fewer debts

    %
    0%35%
    $
    $0$10,000
    $
    $0$200,000

    Leave at 0 if you have fewer debts

    %
    0%35%
    $
    $0$10,000
    $
    $0$200,000

    Leave at 0 if you have fewer debts

    %
    0%35%
    $
    $0$10,000
    $
    $0$200,000

    Leave at 0 if you have fewer debts

    %
    0%35%
    $
    $0$10,000
    $
    $0$200,000

    Leave at 0 if you have fewer debts

    %
    0%35%
    $
    $0$10,000
    $
    $0$20,000

    Total you can pay toward all debts each month

    Interest Saved with the Cheaper Method

    $370.67

    Avalanche: Months to Debt-Free

    28

    Snowball: Months to Debt-Free

    28

    Avalanche Total Interest

    $4,517.21

    Snowball Total Interest

    $4,887.88

    Avalanche: Months to Debt-Free28
    Snowball: Months to Debt-Free28
    Avalanche Total Interest$4,517.21
    Snowball Total Interest$4,887.88

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    Rate source: Financial Consumer Agency of Canada

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