Debt Payoff

Estimate payoff time with monthly interest and fixed payments.

Your numbers

Enter your numbers to see the result.

How Debt Payoff works

Add interest at APR ÷ 12 each month and subtract the fixed payment. Continue until the balance is repaid. Additional debts use their own rates and minimum payments.

A worked example

These sample values illustrate the calculation. Use your own numbers in the calculator for your result.

Example inputs

Balance: 5000
APR (%): 18
Monthly payment: 200
Extra monthly payment: 0
Additional debt · Balance: 0
Additional debt · APR (%): 0
Additional debt · Monthly payment: 0

Estimated payoff time: 32 months
Total interest: $1,313.96
Total paid: $6,313.96

Assumptions and limits

Rates, fees and contribution schedules are the assumptions you enter. This estimate does not include changes you have not entered.

Educational estimate only. This is not personalized financial, investment or tax advice.