Debt Payoff Calculator
Estimate how long it will take to pay off your debt based on your balance, interest rate, and monthly payment.
Based on your current debt balance and monthly payment, your estimated payoff timeline and total interest cost are shown below.
Estimate Your Debt Payoff Timeline
At this rate, you’ll be debt-free in approximately 56 months.
Total interest represents the additional cost paid to lenders beyond your original debt balance.
This calculator assumes a fixed interest rate and consistent monthly payments. Results are estimates and may vary depending on lender terms and payment timing.
Debt Payoff Calculator FAQs
How accurate is this calculator?
Estimates are based on fixed rates and consistent payments. Actual payoff timelines may vary.
What if my payment is too low?
If your payment does not cover interest, your balance will not decrease. Increasing your payment is required.
Can I use this for multiple debts?
Yes. Combine balances to estimate an overall payoff timeline.
Is this calculator free?
Yes. This debt payoff calculator is completely free.