TopToolsAiCompare the snowball and avalanche methods for paying off multiple debts, and see how much faster you could be debt-free with a set monthly payment. Paying an extra PKR 5,000 a month toward a PKR 300,000 balance at 20% interest can cut the payoff time by more than a year compared to making only the minimum payment, and save a meaningful amount of interest along the way.
Last updated: 1 Sep 2026
How to use Debt Payoff Calculator
- Enter your total debt balance and its annual interest rate.
- Enter how much you can pay each month.
- Click "Calculate" to see how many months it will take to pay off and the total interest you'll pay.
Frequently asked questions
What's the difference between snowball and avalanche?
Snowball pays off the smallest balance first for quick psychological wins; avalanche pays off the highest-interest debt first to save the most money overall.
Which method is mathematically better?
Avalanche typically saves more in total interest, but snowball can be easier to stick with if motivation is a bigger challenge than the math.
Can I switch methods partway through?
Yes — these are just strategies for the order you pay debts off in; you can switch whenever it suits you without any penalty.
Should I stop investing to pay off debt faster?
It depends on the interest rate — debt at a rate higher than your likely investment return is usually worth prioritizing first.
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