Snowball Debt Elimination Calculator

The Snowball Debt Elimination Calculator applies a simple principle to paying off your debt. When a balance is paid off, add its monthly payment to your next debt's payment. This continues until you have snowballed through all of your balances and your debt is paid in full. The calculator can also apply an additional monthly amount accelerate the debt pay off.

JavaScript is required for this calculator. If you are using Internet Explorer, you may need to select to 'Allow Blocked Content' to view this calculator.

For more information about these financial calculators please visit: Dinkytown.net Financial Calculators from KJE Computer Solutions, Inc.

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.