Compare snowball vs avalanche: $5,000 budget $250/mo (A 1000 @ 22% min $60, B 4000 @ 29.99% min $60)
Budget $250.00/mo • Total balance $5,000.00
Prefilled calculator
This embeds the multi-debt payoff tool with your scenario prefilled.
Snowball (smallest first)
Payoff order: Card A → Card B
Total interest: $1,833.39
Months: 27
Avalanche (highest APR first)
Payoff order: Card A → Card B
Total interest: $1,903.22
Months: 28
Explanation
This two-card scenario has $5,000.00 total balance with a $250.00/month payoff budget. Snowball and avalanche use the same budget — the only difference is which debt gets the extra payment.
Snowball saves about $69.83 in interest versus avalanche here. Timelines are 27 months (snowball) vs 28 months (avalanche).
Snowball finishes about 1 month(s) sooner in this setup because clearing a smaller balance sooner can free up minimum payments earlier.
Payoff order (snowball): Card A → Card B. Payoff order (avalanche): Card A → Card B.