Debt Payoff Calculator

FAQ

How long will it take to pay off my debt?

Months to payoff is how many payments of minimum plus extra it takes to reach a zero balance at the APR you enter, assuming a fixed payment.

How much interest can extra payments save?

Interest saved is the difference between paying the minimum only and paying the minimum plus extra. Even a modest extra amount can cut months and interest on high-APR balances.

What if my payment does not cover the interest?

If the payment is at or below monthly interest, the balance will not fall. Raise the payment until it covers interest plus some principal.