Debt Avalanche Calculator

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Debt Avalanche Calculator is a tool to calculate how much you can save and how much earlier you can payoff your debt using the debt avalanche method.

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

You will pay off all your debts in 48 months (Jul, 2030) which will cost you $8,978.64 in total interest payments. If you follow the debt avalanche method, you can payoff all your debts in 36 months (Jul, 2029) and save $616.61 in interest payments.

	Regular	Avalanche
Compare Regular Vs. Avalanche
# of Payments	48	36
Payoff Date	Jul, 2030	Jul, 2029
Principal	$28,000.00	$28,000.00
Interest Payment	$8,978.64	$8,362.03
Total Payment	$36,978.64	$36,362.03
Total Savings	$0.00	$616.61

Payment #	Date	Debt #2 (20%)	Debt #3 (19%)	Debt #1 (18.5%)
Debt Avalanche Amortization Schedule
1	Aug, 2026	$350	$320	$450
2	Sep, 2026	$350	$320	$450
3	Oct, 2026	$350	$320	$450
4	Nov, 2026	$350	$320	$450
5	Dec, 2026	$350	$320	$450
6	Jan, 2027	$350	$320	$450
7	Feb, 2027	$350	$320	$450
8	Mar, 2027	$350	$320	$450
9	Apr, 2027	$350	$320	$450
10	May, 2027	$350	$320	$450
11	Jun, 2027	$350	$320	$450
12	Jul, 2027	$350	$320	$450
13	Aug, 2027	$350	$320	$450
14	Sep, 2027	$350	$320	$450
15	Oct, 2027	$350	$320	$450
16	Nov, 2027	$350	$320	$450
17	Dec, 2027	$350	$320	$450
18	Jan, 2028	$350	$320	$450
19	Feb, 2028	$350	$320	$450
20	Mar, 2028	$350	$320	$450
21	Apr, 2028	$350	$320	$450
22	May, 2028	$350	$320	$450
23	Jun, 2028	$350	$133.27	$636.73
24	Jul, 2028	$350	$0.00	$770
25	Aug, 2028	$183.20	$0.00	$770
26	Sep, 2028	$0.00	$0.00	$770
27	Oct, 2028	$0.00	$0.00	$770
28	Nov, 2028	$0.00	$0.00	$770
29	Dec, 2028	$0.00	$0.00	$770
30	Jan, 2029	$0.00	$0.00	$770
31	Feb, 2029	$0.00	$0.00	$770
32	Mar, 2029	$0.00	$0.00	$770
33	Apr, 2029	$0.00	$0.00	$770
34	May, 2029	$0.00	$0.00	$770
35	Jun, 2029	$0.00	$0.00	$770
36	Jul, 2029	$0.00	$0.00	$543.30

What is the debt avalanche method?

The debt avalanche method is a debt reduction strategy to pay off all your debts starting with the one with the highest interest rate. Unlike the debt snowball strategy which focuses on debt with the smallest amount, the debt avalanche emphasizes interest rate.

How does the debt avalanche method work?

The debt avalanche method states that you should focus on paying off the debt with the highest interest rate first before paying off other debts regardless of the size of each debt. With the debt avalanche method, you will make minimum payments to all your debt except the one with the highest interest rate. The money you save from minimum payments goes toward making extra payments to the debt with the highest interest rate. As soon as the debt with the highest interest rate is fully paid off, you move on to the debt with the second highest interest rate and repeat the process until all your debts are paid off.

How does the debt avalanche calculator work?

The debt avalanche calculator will calculate the total interest you pay and when your debt will be paid off with regular payments. The debt avalanche calculator will show you how much interest you can save and how much faster you can pay off your debt with the avalanche method. You also have the option to increase your monthly budget to pay off your debt even earlier if you can afford it. The debt avalanche amortization schedule shows you the monthly payments you will be making using the debt avalanche method.

Amortization Schedule

Debt Avalanche Calculator