Debt Payoff Calculator

Calculate fastest way to pay off multiple debts. Compare strategies, see interest savings. Free debt elimination calculator with payment schedule.

Your Debts

# Debt Name ?Enter a descriptive name for each debt to help you track them easily (e.g., Chase Credit Card, Toyota Loan, etc.) Balance ?The current outstanding balance you owe on this debt. This is the total amount you need to pay off. Monthly Payment ?Your current minimum monthly payment for this debt. Enter the amount you're required to pay each month. Interest Rate ?The annual interest rate (APR) for this debt. Enter as a percentage (e.g., 18.99 for 18.99%).
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Extra Payments

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made during the month

Payment Strategy

Fixed Total Monthly Payment
After a debt is paid off, its payment amount is applied to remaining debts. Your total monthly payment stays the same until all debts are paid.
Variable Total Monthly Payment
After a debt is paid off, its payment amount is no longer included. Your total monthly payment decreases as debts are eliminated.