The Debt Snowball method prioritizes paying off debts with the smallest balances first, regardless of interest rates. This strategy aims to build momentum and motivation with quick wins, making your debt payoff journey feel more achievable.

This calculator will produce an estimated payment schedule, showing how your fixed total monthly payment (your minimums plus any extra overpayment) is allocated to each debt. As one debt is paid off, the payment amount for that debt is "rolled" into the next smallest debt, accelerating your payoff.

Please note: This calculator provides guidance only and is not financial advice. It is your responsibility to ensure all minimum payments on your debts are met, regardless of the projected schedule here. Interest rates can change, and unforeseen circumstances may impact your ability to pay. Always refer to your official statements for precise figures and due dates.

Results are based on the information you input and assume consistent payments. Small discrepancies may occur due to rounding or specific lender calculations.