Debt Calculator

Bad debt is not only a terrible mental strain, but it also prevents you from saving money and generating income off of your savings. You need to pay off bad debts as quickly as possible. This calculator will tell you how much you need to pay each month to pay off your debt by a certain time in the future. Notice that if you pay your debt off earlier, you'll save money by paying less interest. If you have multiple loans/debts, you might also find our Accelerated Debt Payoff Calculator and Debt Consolidation Calculator useful.

Debt Payoff Calculator

Find out how much you need to pay each month to pay off your debt by a targeted goal date.
Enter the principal balance owed:
Enter the annual interest rate:
Select the payoff goal month and year:
Monthly payment required to achieve payoff goal:
Number of payments between now and payoff:
Total interest cost between now and payoff:

What You Should Know