Debt calculator
Debt Payoff Calculator
Estimate how long it may take to clear a combined debt balance based on your average APR, regular payment and extra monthly payment.
Debt Payoff Calculator
Your result
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Enter your numbers to see a practical estimate.
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This saves only the relevant planning figures in this browser. Do not enter account numbers or card details.
How to use this result
A $12,000 balance at 19.9% APR with a $550 monthly payment is paid off far faster than making only the minimum payment.
Estimate how long it may take to clear a combined debt balance based on your average APR, regular payment and extra monthly payment.
This calculator provides a simplified educational estimate. It is not financial, tax, legal, investment, insurance or lending advice.
Questions answered
Debt Payoff Calculator FAQ
What if my payment is lower than the monthly interest?
The balance may not fall. Increase the payment or reduce the interest rate before relying on the estimate.
Does this calculator use snowball or avalanche?
It models one combined balance. Use it for planning, then choose snowball or avalanche for the order of individual debts.
Will extra payments always help?
Usually, provided there is no prepayment penalty and the lender applies the extra amount to principal.