Debt Avalanche Calculator

Put minimums on every balance, then aim extra payments at the highest APR first—the avalanche approach for cutting total interest.

Result

Ready.

Debt avalanche: attack the costliest rate first

An avalanche plan ranks debts by annual percentage rate, not by balance size. After minimums are covered, extra payments reduce the balance that is growing fastest. Over months, that ordering often saves more interest than clearing tiny balances first—provided you actually keep sending the extra cash.

Reading the estimate

Use realistic APRs from current statements, including penalty rates if you are already past due. The calculator is a teaching model: it does not know late fees, collection status, or hardship programmes. Cross-check a credit-card payoff view when most of the pain sits on revolving lines.

When avalanche is hard to stick with

If a high-APR balance is huge and progress feels invisible, a hybrid approach can help: clear one small account for morale, then avalanche the rest. Either way, protect a thin emergency buffer so a surprise bill does not bounce you back onto the cards.

FAQ

What is the debt avalanche method?
You pay minimums on all debts and apply extra cash to the highest interest rate balance. When it clears, move to the next-highest rate.
Why choose avalanche over snowball?
Avalanche usually reduces total interest if you stay consistent. Snowball can be easier emotionally when small balances disappear first.
Should I include promotional 0% balances?
Yes, but watch the revert date. A 0% promo can wait while cash attacks a higher ongoing APR—confirm expiry dates on statements.