Use this free debt payoff calculator to estimate how long it may take to pay off a debt, how much interest you may pay, and how extra monthly payments could help you become debt-free faster.
Debt Payoff Calculator
Estimate how long it may take to pay off credit cards, revolving debt, car loans, personal loans, student loans, or a mortgage.
Revolving Debt Details
Enter your current balance, APR, and how your minimum payment is calculated.
Payoff Plan
Add extra payments to see how much faster you may be able to pay off the balance.
Original Loan Details
Enter what you know from the loan: original amount, APR, and loan term.
Current Loan Status
Enter time left. Then confirm the estimate or enter your actual numbers.
Extra Principal Plan
Add extra principal payments to estimate how much time and interest you may save.
How This Works
The calculator estimates a standard payment first, then lets the user override it.
If the estimated payment or balance looks off, enter the actual principal balance and actual principal + interest payment from your loan statement.
Your Debt Payoff Snapshot
Here’s an estimate of your payoff timeline, interest, and savings.
Want to track your full debt payoff plan?
This calculator gives you a quick estimate. Our debt payoff templates help you organize multiple debts, compare payoff strategies, and track your progress month after month.
Shop Debt Payoff Templates