Plan your debt repayment and see how many months it will take to pay off your debt, total interest, and total payments.
Months to Payoff: 0
Total Interest Paid: $0
Total Paid: $0
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About This Tool

The Debt Payoff Calculator helps you plan repayment of loans or credit card balances. It estimates how long it will take to become debt-free and how much interest you will pay based on your monthly payments.

How It Works

Enter your current debt amount, the annual interest rate, and your planned monthly payment. The calculator computes the repayment timeline, total interest, and total payments using standard amortization formulas.

Advice & Tips

Pay more than the minimum to reduce interest and shorten repayment time. Keep track of interest rates for multiple debts and prioritize high-interest debt first.

FAQs

Can I use this for multiple debts? It calculates one debt at a time. For multiple debts, calculate each separately.
Does it include fees? No, it only calculates interest based on your inputs.
Is it free? Yes, fully free and works on your Blogger site.