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Debt Avalanche Calculator

The debt avalanche targets the highest-interest debt first. You pay minimums on everything else and throw every extra dollar at the most expensive balance.

How the avalanche works

  1. List each debt with balance and APR.
  2. Sort by highest interest rate first.
  3. Pay minimums on all debts; put every extra dollar on the highest-APR debt.
  4. When it's gone, roll the payment onto the next-highest APR.

Want quick wins instead? See the debt snowball calculator.

Frequently asked questions

What is the debt avalanche method?

You pay minimums on every debt and put extra money toward the debt with the highest interest rate first. It saves the most interest over time.

Does avalanche pay off faster?

It usually pays off cheaper, not necessarily faster. Snowball gives quicker emotional wins; avalanche minimizes interest.

Plan your debt avalanche

Add your debts in Dollarboard and prioritize by interest rate.

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