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Erdman Financial Group · Free Tool

Stop paying interest.
Start building wealth.

Enter your debts and see exactly how the avalanche and snowball methods compare — total interest, payoff timeline, and the order you'd tackle each one.

$1T+
US Credit Card Debt
23%
Average Card APR
2x
Faster with a plan
Your Debts
Add up to 6 debts — credit cards, loans, medical bills, anything with an interest rate.
Debt Name Balance Interest Rate Min. Payment
$
Amount beyond all minimums you can put toward debt each month
Used to display payoff dates in your timeline
Reset calculator

What debt is actually costing you

$0

in total interest — if you only pay minimums

That's money leaving your household and going to a lender. Your plan below changes that number dramatically.

Interest Savings Winner

Avalanche Method
Months to Debt Free
—
—
Total Interest Paid
—
Total Paid
—
Pay the highest interest rate debt first. Mathematically optimal — saves the most interest.
Snowball Method
Months to Debt Free
—
—
Total Interest Paid
—
Total Paid
—
Pay the smallest balance first. Builds momentum through quick wins — often better for staying motivated.
Avalanche Payoff Order
Snowball Payoff Order

Debt Payoff Timeline

Avalanche
Snowball

Plain English Summary

You've seen the numbers. Now let's build a plan.

Debt payoff is the foundation. What comes after it is the real opportunity.

Every dollar you stop sending to a lender is a dollar that can start working for you. If you'd like to talk through a debt payoff strategy alongside a broader financial plan, I'd love to have that conversation.

Schedule a Free Conversation