Debt Snowball Calculator
Enter your debts to see how soon you could become debt-free using the snowball method compared to minimum payments only.
Your Debts
Add details for up to 20 debts. Choose the type, then enter the balance, APR, and current minimum payment for each account. After entering the extra amount you can pay each month, press Calculate. Your smallest balance receives your extra payment and its minimum payment until it’s gone. Then, the full payment from that first debt—minimum plus extra—rolls onto the next balance. Keep repeating this step-by-step (snowball) until all debts are paid off.
Results
Total Starting Debt
| — |
| — |
Payments
| Min Payments: — |
| Snowball: — |
Interest
| Min Pmnts Only: — |
| Snowball: — |
Debt-Free Timeline
| Min Pmnts Only: — (—) |
| Snowball: — (—) |
Payoff Timeline Comparison
Interest Comparison
Take the Next Step Toward Becoming Debt-Free
After you build your snowball plan, compare top-rated debt consolidation options to see if a lower-rate loan could help you save even more.
