Debt payoff calculator
Compare the snowball and avalanche methods and see when you are debt-free.
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Snowball
Smallest balance first
25
Months to debt-free
Total interestNOK 16,581
Avalanche
Highest interest rate first
25
Months to debt-free
Total interestNOK 15,464
For guidance only. This is an estimate, not financial advice.
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Snowball or avalanche: which should you pick?
Both methods pay the minimum on every debt and put any extra toward one target debt. The snowball attacks your smallest balance first, which gives quick wins that keep you going. The avalanche attacks the highest interest rate first, which costs you the least in interest overall. The numbers are the same either way, so avalanche is usually cheaper while snowball can be easier to stick with.