Snowball or avalanche?

Avalanche pays highest APR first; snowball pays smallest balance first.

Avalanche pays highest APR first; snowball pays smallest balance first.

Debt Reduction Calculator

Personal Finance

Estimate time to pay off debt.

Total Debt

APR

Monthly Payment

$$n = -\frac{\ln(1 - \frac{B \cdot i}{PMT})}{\ln(1+i)}$$

Where

Bbalance

PMTmonthly payment

imonthly rate