The debt avalanche method attacks your debts in order of highest interest rate first, which is the mathematically optimal way to pay the least total interest. Enter each debt with its balance, minimum payment, and annual percentage rate, then decide how much extra you can pay every month on top of the minimums. This calculator sorts your debts by rate, keeps paying minimums on everything, and pours all spare money into the most expensive debt until it is gone, then cascades to the next. You get the number of months to be debt free and the total interest you will pay along the way. It is the cheapest path out of debt if you can stay disciplined. All math happens in your browser and no balances ever leave your device.
The avalanche targets the highest interest rate debt first rather than the smallest balance, which minimizes the total interest you pay.
Mathematically yes. Attacking the highest rate first reduces total interest more than any other order, though payoff of the first debt may feel slower.
It orders debts by highest interest first, applies your extra payment, and shows months to payoff and the interest saved.
The debt avalanche method attacks your debts in order of highest interest rate first, which is the mathematically optimal way to pay the least total interest. Enter each debt with its balance, minimum payment, and annual percentage rate, then decide how much extra you can pay every month on top of the minimums.
Yes. Debt Avalanche Calculator is completely free, with no sign-up and no usage limits.
Yes. Debt Avalanche Calculator runs in any modern web browser. There is nothing to download or install.
Yes. Debt Avalanche Calculator runs entirely on your device in your browser, so nothing you enter is uploaded to a server.