Debt Snowball Calculator

Instructions: Enter each of your debts with their name, current balance, interest rate, and minimum monthly payment. You can add multiple debts using the “+ Add Debt” button. Specify any additional amount you plan to pay each month toward your debts to accelerate payoff. Click “Create My Debt Snowball” to see your recommended payoff order, total months to pay off, total interest paid, and a graph of your debt reduction over time. You can also view a detailed month-by-month schedule showing balances and payments applied to each debt.

This calculator is for illustrative purposes only and does not constitute financial, legal, or tax advice. Actual results may vary based on interest rates, payment timing, fees, and other factors. Always consult a qualified financial professional before making decisions about debt repayment strategies.