Free Canadian financial calculator

Compare debt snowball and avalanche payoff plans

Enter up to three debts to estimate how long each strategy could take and how much interest each could cost. Snowball targets the smallest balance first; avalanche targets the highest interest rate first.

Your debts

Privacy: calculations run in your browser. This page does not transmit or save the amounts you enter.

How to read the estimate

The calculator keeps your starting minimum payments plus your extra payment as a constant monthly budget. When one debt is cleared, its payment is redirected to the next priority. Results are estimates: actual interest calculations, fees, promotional rates and payment rules can differ by lender.

This tool is educational and is not financial advice. Confirm balances, rates and repayment terms with each lender. If payments are difficult to maintain, consider speaking with an accredited non-profit credit counsellor.

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