Debt Snowball Calculator

The debt snowball method pays off your smallest balance first while making minimum payments on everything else. When the smallest debt is gone, its payment "snowballs" into the next smallest. Popularized by Dave Ramsey, it works because early wins keep you motivated.

The avalanche method (highest interest rate first) always costs the same or less in total interest. But the difference is often small — try both in this calculator. If seeing accounts close quickly keeps you going, the snowball is worth the few extra dollars.

Three numbers per debt from your latest statement: the current balance, the APR (interest rate), and the minimum monthly payment. Then decide the total amount you can put toward debt each month.

Yes. No account, no email, no ads. If you want to save your plan and track payments over time, the Eagle Debt Payoff app is free too and keeps your data on your device.