LearnwithStanley Calculators

Which debt should I pay off first?

List your debts and how much extra you can pay each month. We compare two proven methods: snowball (smallest balance first, for quick wins) and avalanche (highest interest first, to pay the least interest).

Your debts

Extra each month

$
Once a debt is cleared, its minimum payment rolls into the next one.
You could be debt-free in
—
Avalanche: highest interest first
—
Snowball: smallest balance first
—

Total debt over time

Avalanche Snowball

Payoff order

Assumes interest rates stay fixed, interest is charged monthly, and no new debt is added. Minimum payments stay the same until each debt is cleared.