Debt Payoff Calculator

Estimate how long it will take to pay off your balance and how much interest you’ll pay.

Currency:

Current Balance ($)

Interest Rate (%)

Monthly Payment ($)

Time to Pay Off:

N/A

Total Interest Paid:

$0.00

Assumes fixed payments and no new charges. Actual results may vary.

How this is calculated

This debt payoff calculator estimates how long it will take to clear your balance based on your interest rate and monthly payment amount. Each month, a portion of your payment goes toward interest while the rest reduces your balance.

Increasing your monthly payment or lowering your interest rate can significantly shorten your payoff time and reduce total interest paid. Use this tool to plan your debt-free journey and explore the benefits of extra payments or refinancing.

Try our other free tools: Savings Growth · Mortgage