Compare calculators
Both calculators run independently β change the inputs on either side to compare results.
Debt
Debt Snowball Calculator
Estimate how many months it takes to pay off a debt with a fixed monthly payment using the debt snowball amortisation formula. The snowball method pays off smallest balances first to build momentum, but the underlying math is just the standard fixed-payment loan formula.
Debt
Minimum Payment Calculator
Estimate a credit card's minimum monthly payment using the larger of a percent-of-balance floor or "interest plus 1% of principal" β the two common issuer formulas. Useful for predicting card payments and understanding why minimum-only payments take so long to clear a balance.
Key differences
| Debt Snowball Calculator | Minimum Payment Calculator | |
|---|---|---|
| Category | Debt | Debt |
| Inputs required | 3 | 3 |
| Result | Months to Pay Off (months) | Minimum Monthly Payment ($) |
| What it does | Estimate how many months it takes to pay off a debt with a fixed monthly payment using the debt snowball amortisation formula. The snowball method pays off smallest balances first to build momentum, but the underlying math is just the standard fixed-payment loan formula. | Estimate a credit card's minimum monthly payment using the larger of a percent-of-balance floor or "interest plus 1% of principal" β the two common issuer formulas. Useful for predicting card payments and understanding why minimum-only payments take so long to clear a balance. |