Your inputs
$
Your results
Snowball
Smallest balance first, for quick wins.
- Debt-free by
- July 2029
- Time
- 2 yr 10 mo
- Total interest
- $3,924
- 1. Store card — paid off in 6 mo
- 2. Credit card — paid off in 2 yr
- 3. Car loan — paid off in 2 yr 10 mo
Avalanche
Highest APR first, to reduce interest.
- Debt-free by
- July 2029
- Time
- 2 yr 10 mo
- Total interest
- $3,924
- 1. Store card — paid off in 6 mo
- 2. Credit card — paid off in 2 yr
- 3. Car loan — paid off in 2 yr 10 mo
Assumes interest compounds monthly, rates stay the same, no new charges, and freed-up minimum payments roll into the next debt. Estimates as of 2026.
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These calculators are for general educational purposes only and provide hypothetical estimates based on the information you enter and the assumptions shown. They are not a guarantee of future results and are not individual insurance, financial, tax or legal advice. IAM does not offer securities or investment advisory services and does not provide tax or legal advice. Consult a qualified professional about your situation.