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Debt Snowball Calculator


Debt Snowball Calculator is used to calculate how much money you can save by paying off your debt with the debt snowball method. Loan Snowball Calculator will show you the exact amount of savings and how much earlier you can payoff your debt.

Loan Snowball Calculator

Debt # Balance ($) Interest Rate (%) Monthly Payment ($) Interest Cost # of Payments Left
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Extra Monthly Payment

With the traditional way, you will pay off all your debts in 25 months (Nov, 2026) which will cost you $5,851.13 in total interest payments. By following the debt snowball method, you can payoff all your debts in 18 months (Apr, 2026) and save $211.79 in interest payments. The debt snowball method is states that you should pay off debt starting with the smallest debt, and then the second smallest, until all your debt are paid off.

Compare Regular Vs. Snowball

Regular Snowball
# of Payments 25 18
Payoff Date Nov, 2026 Apr, 2026
Principal $32,500.00 $32,500.00
Interest Payment $5,851.13 $5,639.34
Total Payment $38,351.13 $38,139.34
Total Savings $0.00 $211.79


Debt Snowball Amortization Schedule

Payment # Date Debt #3 Debt #1 Debt #2
1 Nov, 2024 $650 $950 $600
2 Dec, 2024 $650 $950 $600
3 Jan, 2025 $650 $950 $600
4 Feb, 2025 $650 $950 $600
5 Mar, 2025 $650 $950 $600
6 Apr, 2025 $650 $950 $600
7 May, 2025 $650 $950 $600
8 Jun, 2025 $650 $950 $600
9 Jul, 2025 $650 $950 $600
10 Aug, 2025 $650 $950 $600
11 Sep, 2025 $650 $950 $600
12 Oct, 2025 $650 $950 $600
13 Nov, 2025 $614.26 $985.74 $600
14 Dec, 2025 $0.00 $1600 $600
15 Jan, 2026 $0.00 $910.12 $1289.88
16 Feb, 2026 $0.00 $0.00 $2200
17 Mar, 2026 $0.00 $0.00 $2200
18 Apr, 2026 $0.00 $0.00 $483.83


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