Debt Snowball Calculator

Pay minimums on everything, throw every extra dollar at your smallest balance, then roll that payment into the next one.

Your debts

Your numbers stay in this browser (saved locally so you can come back). Nothing is sent to us unless you choose to email yourself a plan.

How the debt snowball works

  1. List your debts from smallest to largest balance, regardless of interest rate.
  2. Pay the minimum on every debt.
  3. Put all extra money toward the smallest balance.
  4. When it's paid off, add its payment to the next smallest. Repeat.

Because you keep paying the same total each month, the amount aimed at each new target grows as debts disappear. Compare it with the avalanche method in the results above, or read snowball vs avalanche.

Frequently asked questions

Does the debt snowball include mortgages?

Many people leave a mortgage out and focus on consumer debts first, but you can include any debt in the calculator.

What counts as extra payment?

Any amount you pay above the total of your minimums each month.

What if two debts have the same balance?

The calculator pays the one with the higher APR first.

Related tools and guides

Debt payoff calculatorDebt Snowball vs AvalancheDebt Avalanche CalculatorCredit Card Payoff CalculatorHow long to pay off credit card debtDebt consolidation loans explainedHow to get out of debt

Not financial advice. Results are estimates for educational purposes. Talk to a qualified professional about your situation. Some links are affiliate links; see our disclosure.