Debt payoff calculator: avalanche vs snowball (Australia)

Compare avalanche and snowball for credit cards, car loans, personal loans and BNPL. See your debt-free date and interest saved.

Debt	Balance ($)	Interest % p.a.	Min / month ($)

Extra per month ($)

AVALANCHE (HIGHEST RATE FIRST)–

SNOWBALL (SMALLEST BALANCE FIRST)–

MINIMUMS ONLY–

Frequently asked questions

Which method saves more?

Avalanche (highest interest first) almost always saves the most interest. Moneysmart recommends putting extra money toward the debt with the highest costs.

Does it include fees?

No — add any monthly fees to the minimum payment for a closer estimate.