Debt Snowball Calculator

With the traditional way, you will pay off all your debts in 25 months (Jan, 2027) 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 (Jun, 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.