TheDailyo.com

Debt Snowball Calculator

Pay the smallest balance first to build momentum, then roll payments forward.

Home › Finance › Debt › Debt Snowball Calculator

Calculator

Add your debts with balances, APR, and minimum payments. Set an extra monthly amount to accelerate payoff. Snowball pays extra to the smallest balance first. Prefer interest-first? Try Debt Avalanche Calculator.

Inputs

This extra amount is added on top of all minimum payments and rolled to the next debt when one is paid off.
Some lenders round interest differently. This is an estimate.
Prevents endless schedules if payments are too low.
Used to show payoff month and dates in the schedule.

Debts

How it works

Snowball means you pay minimums on all debts, then apply your extra amount to the smallest balance first. When that debt hits $0, its payment (minimum + extra) “rolls” to the next smallest balance.

Is snowball or avalanche better?

Avalanche usually minimizes interest. Snowball can be easier to stick with. The best method is the one you’ll follow consistently.

Does this include new purchases?

No. It assumes you stop adding new charges and make consistent payments.

Why might results differ from my statement?

Lenders can vary by daily interest, statement timing, rounding, and fees. This is a planning estimate.

Related: Credit Card Payoff Calculator