Debt Avalanche Calculator
Pay off debts from highest to lowest interest rate to save the most money on interest
What is the Debt Avalanche Method?
The debt avalanche method is a mathematically optimal debt repayment strategy where you focus on paying off debts with the highest interest rates first while making minimum payments on all others.
This method saves you the most money in interest charges over time, though it may take longer to see your first debt eliminated compared to the debt snowball method.
Enter Your Debts
Amount you can pay above all minimum payments each month
Advantages
- ✓Saves the most money on interest charges
- ✓Mathematically optimal repayment strategy
- ✓Fastest path to debt freedom
- ✓Great for logical, numbers-focused individuals
Considerations
- !May take longer to see first debt eliminated
- !Requires strong self-discipline and patience
- !Less immediate psychological gratification
- !Not ideal if motivation is your biggest challenge
Ready to Tackle Your Debt?
Use our other calculators to explore different debt payoff strategies