Avalanche: extra money attacks the highest interest rate first.
DebtBalanceRate %Minimum
Debt Free In
5y 3m
Interest Paid
$3,977
Total Balance
$29,400
What The Plan Buys You
- Versus minimum payments only: 41 months sooner and $3,758 less interest.
- Versus snowball: 0 months and $0 difference in interest.
- Projected payoff: November 2031.
- Payoff order: Credit card → Car loan → Student loan