Debt Payoff Planner

Snowball and avalanche compared with extra payments.

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Your debts

Visa
Credit card
$8,000
Auto loan
Auto loan
$21,600
Student loan
Student loan
$18,400

What if you paid more each month?

Extra payment each month

Interest saved vs minimums

Months saved vs minimums

0 months

Snowball — smallest balance first

Debt-free by

Jun 2032

Months remaining

Total interest

$12,095

Total paid

$60,095

Visacleared Nov 2030 · $3,771 interest
Auto loancleared Jun 2032 · $4,892 interest
Student loancleared May 2032 · $3,432 interest

Avalanche — highest rate first

Debt-free by

Jun 2032

Months remaining

Total interest

$12,047

Total paid

$60,047

Visacleared Nov 2030 · $3,771 interest
Auto loancleared Nov 2031 · $4,707 interest
Student loancleared Jun 2032 · $3,569 interest

Balance over time

Both plans, same extra payment

Avalanche costs $48 less interest than snowball with these numbers. Snowball clears individual debts sooner, which some people find easier to stick with. Neither is presented as the right choice for you.

This platform provides financial planning tools and calculations for informational and educational purposes only. It does not provide financial, investment, tax, legal or mortgage advice. Results are based on user-provided information and assumptions. Contribution limits, tax rates and regulatory parameters reflect the rules in effect as of the latest update (2026) and may change; always verify official amounts with the CRA or a licensed professional. Payoff dates and interest totals assume fixed rates and payments made on schedule.