Jupid
Debt Freedom Tool

Debt Snowball Calculator

Create your debt payoff plan using the snowball or avalanche method. See how extra payments accelerate your path to debt freedom.

Your Debts
Your Payoff Plan

Debt Free In

3y 1m

37 months total

Interest Saved

$2,428

Time Saved

15 months

Total Debt$28,000
Total Interest$4,529
Total to Pay$32,529
Monthly Payment$990

Payoff Order (Smallest First)

1Credit Card 2$3,000
2Credit Card 1$5,000
3Personal Loan$8,000
4Car Loan$12,000

Snowball Method

Quick wins build momentum. You'll eliminate smaller debts first for psychological motivation.

Snowball vs Avalanche

Debt Snowball

  • Pay smallest balance first
  • Quick wins build motivation
  • Higher success rate
  • May pay more in interest

Best for: Those who need motivation

Debt Avalanche

  • Pay highest interest first
  • Minimizes total interest
  • Mathematically optimal
  • Slower first payoff

Best for: Disciplined number-crunchers

Frequently Asked Questions

Official References

Learn more about debt payoff strategies:

This calculator provides estimates based on current balances and rates. Actual payoff times may vary with rate changes and payment adjustments.

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