1. Enter Your Debts
2. Add Extra Payment (The Snowball)
How much extra can you pay each month?
This is the key to the snowball method. Any extra money you put toward your smallest debt will drastically speed up your debt-free date.
This is the key to the snowball method. Any extra money you put toward your smallest debt will drastically speed up your debt-free date.
$
Your Debt Breakdown
Total Debt
$0
0 accounts
Base Minimum Payments
$0
Required every month
Total Monthly Payment
$0
Minimums + Snowball
Minimum Payments Only
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Debt-free date
Total Interest Paid
$0
Debt Snowball Method
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Accelerated debt-free date
Total Interest Paid
$0
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AI Debt Strategy Planner
Ask our AI assistant for personalized advice on optimizing your extra payments or exploring alternative strategies like the Debt Avalanche method based on your current inputs.
Disclaimer: This calculator is for educational and informational purposes only and does
not constitute financial advice. The calculations are based on the information provided and assume that
interest is calculated monthly and minimum payments remain constant (unless the balance is lower than
the minimum payment). Actual results may vary based on your specific loan terms, compound interest
methods used by your lenders, and any changes to interest rates over time.