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Debt Avalanche vs Snowball Calculator Canada | WillStreet

WillStreet · Canadian Debt Calculator · CAD

Avalanche vs. Snowball.

Two routes down the same mountain of debt. Enter your Canadian balances below and watch both strategies race to zero: payoff dates, total interest, and the full descent, in CAD.

Build your plan Free · No signup · Nothing stored

01 · Your Numbers

Build your mountain.

Every balance, every rate, every minimum. The three sample debts below are placeholders with realistic Canadian rates. Replace them with yours.

Your mountain today

$0

across 0 debts

Eight debts is this calculator's ceiling. Carrying more? The Debt Destroyer Pro spreadsheet handles unlimited accounts.

Extra per month

$200

The single biggest lever you control. Drag it and watch the mountain shrink.

Starting from

Your first payment month. Payoff dates below use it.

02 · The Descent

Watch the balance fall.

Same debts, same budget, two strategies. Avalanche attacks the highest rate first. Snowball clears the smallest balance first. One of them costs you less.

Winner · Avalanche

Crunching your numbers.

$0interest saved

These payments never outrun the interest.

At the current minimums and extra amount, the total balance holds or grows each month. Raise the extra payment, or any minimum, and the descent will appear.

Months to debt-free

Avalanche
·
Snowball
·

Total interest paid

Avalanche
·
Snowball
·

Running balance over time · CAD

Add a debt above to start the descent.

How the math works

Interest compounds monthly at each debt's annual rate divided by twelve. Your total monthly budget stays fixed: the sum of every minimum payment plus your extra amount. When a debt clears, its minimum rolls into the next target instead of leaving your budget. Avalanche targets the highest rate first. Snowball targets the smallest balance first. Projections cap at 50 years and assume no new borrowing.

03 · The Route

Your payoff order.

The exact sequence each strategy clears your debts, with projected dates. Numbers on the left are the order you attack.

⛰ Avalanche

Highest rate first · cheapest route

    ❄ Snowball

    Smallest balance first · fastest wins

      The next step

      Ready for the full payoff plan?

      The Debt Freedom System takes these numbers and turns them into a month by month operating plan: creditor scripts, payment scheduling, and the full worksheet pack. Built for Canadians carrying real balances.

      Get the System · $44 CAD

      Carrying more than 8 debts? The Debt Destroyer Pro spreadsheet ($24 CAD) handles unlimited accounts with full amortization tables.

      Not financial advice. This calculator is for educational purposes only. Results are projections based on the inputs you provide and assume consistent monthly payments. Actual results will vary. For complex debt situations, consult a licensed credit counsellor. WillStreet is an educational publisher and is not a licensed financial advisor. Full disclaimer →

      Your numbers never leave this page. Nothing is stored, sent, or tracked by this calculator.

      AI + Finance for Canadians · Toronto, ON