Debt Payoff Calculator
How long could it take to pay off this balance?
Seeing how long a balance can linger, and how much interest adds up, often motivates a concrete payoff plan. Use this calculator to estimate your payoff duration. First, choose a fixed monthly payment (typical for many loans or steady card plans) or a credit card-style minimum based on a percent of the balance plus a floor.
Add an optional extra payment each month to compare how much sooner you could be done and how much interest you might avoid. Results are estimates; your issuer or lender may calculate minimums and interest differently.
Debt type
Enter your total payment each month, including principal and interest.
Added on top of your loan payment each month.
Payoff summary
With extra payment
35 months (2.9 yrs)
Total interest: $2,558
Total paid: $11,058
No extra payment
50 months (4.2 yrs)
Total interest: $3,797
Total paid: $12,297
At these settings, your extra $75/mo payment pays off your debt about 15 months sooner and saves roughly $1,239 in interest.
Debt balance over time
Related free tool: Subscription Cost Calculator — Add rows for each subscription, see monthly and annual totals, multi-year illustrative totals with assumed subscription price growth, and a chart by line item.