Pay off debts from highest to lowest interest rate to minimize total interest paid. Currently calculating in US Dollar.
This amount goes to your highest interest debt first
Debt-Free In
25 mo
~3 years
Total Interest
$1,145
Interest Saved
$2,176
vs minimum only
vs Snowball
$298
extra saved
By targeting the highest interest rate first, you minimize the total interest paid over time. Every dollar goes to stopping the most expensive debt from growing.
The avalanche method saves $298 more than snowball in your case. Choose avalanche if you prioritize saving money over quick wins.