Debt Snowball: Mixed Debts with Extra Snowball Amount
Applying the debt snowball to mixed debt types with larger-than-minimum payments can dramatically shorten your path to debt freedom.
How to use this tool
- Enter debt 1 balance, debt 1 apr, debt 1 monthly payment, debt 2 balance, debt 2 apr, debt 2 monthly payment, debt 3 balance, debt 3 apr and debt 3 monthly payment in the fields above.
- Results update instantly as you type — or click Calculate.
- Read your months to debt freedom and the full breakdown beneath it.
See your debt freedom timeline using the snowball method on three mixed debts with larger payments.
Frequently asked questions
- Snowball vs. avalanche — which saves more money?
- The avalanche method (highest APR first) saves more interest. The snowball (smallest balance first) provides faster psychological wins. Pick whichever keeps you motivated.
- What happens when Debt 1 is paid off?
- Its minimum payment is added to Debt 2's payment, accelerating payoff. This is the 'snowball' effect.