Hot-mix versus cold-mix asphalt
The first choice is hot-mix or cold-mix. They serve very different jobs. Hot-mix asphalt is the standard material for driveways, lots, and roads. Cold-mix is a patching product for small, temporary repairs.
Hot-mix is produced at a high temperature and delivered hot. It must be placed and compacted while it is still hot, before it cools and stiffens. When it is laid and rolled correctly, it forms a dense, strong, long-lasting surface. This is the material the calculator is built around, and it is what a paving crew brings for a full driveway.
Cold-mix is designed to be workable at ambient temperature. It comes in bags or bulk and does not need a plant, a hot delivery, or a rolling crew. You can shovel it into a pothole and tamp it down by hand. That convenience is its whole point.
The trade-off is durability. Cold-mix does not bond and compact like hot-mix, so it is weaker and shorter-lived. It is a repair, not a pavement. Use it to fill a pothole or hold a damaged spot through winter until a proper hot-mix fix is possible.
Choose by the job. Paving or repaving a driveway or lot calls for hot-mix and a crew who can place it hot. Patching a single hole or making a quick fix calls for cold-mix from a bag. Do not try to build a driveway from cold-mix, and do not wait for a plant order to fill one pothole.