Debt Snowball Calculator
Pay off multiple debts fastest psychologically by targeting the smallest balance first.
Enter your numbers and select Calculate to see results.
About This Calculator
The debt snowball method pays minimums on all debts while directing extra money toward the smallest balance first. Once that's paid off, its payment 'snowballs' onto the next smallest, building momentum. Enter up to three debts (leave balance at 0 to exclude a slot) and an extra monthly amount to see your payoff timeline.
How This Is Calculated
Order debts smallest-balance-first; apply all minimums, then extra + freed-up minimums to the smallest active balance.
Two debts ($3,000 at 22% and $6,000 at 18%) with $100 extra pay off fastest by targeting the $3,000 balance first.
Assumptions
- Supports up to 3 debts; leave a balance at 0 to exclude that slot.
- Assumes fixed APRs and consistent minimum payments throughout.
Frequently Asked Questions
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Last updated January 15, 2026. Results are estimates for informational purposes only — read our disclaimer.