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If you are managing multiple balances, the strategy you choose matters. This calculator lets you input your various loans and compare the two most common repayment methods in real-time.
The Avalanche: Targets high-interest balances first to minimize total interest paid.
The Snowball: Focuses on the smallest balances first to build momentum.
Compare the timelines for both to see which approach fits your psychology and your wallet.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment, tax, or legal advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
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