Add up to 4 debts — loans, credit cards, car finance — and see your single debt-free date, total interest cost, and what happens when you put just a little extra toward your debts each month.
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| Debt | Balance | Monthly Payment | Payoff Date | Total Interest |
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This tool projects when you'll clear your debt based on your balance, interest rate, and monthly payment. It runs the balance forward month by month — subtracting principal after interest — until it reaches zero, and reports the date.
The single biggest lever is your monthly payment: paying even a little more each month can bring the date forward by months or years, because the extra goes to principal and cuts the interest that would otherwise pile up.
Estimates only, and not financial advice. Figures assume a fixed interest rate — always check your loan or card agreement for the exact terms.
By projecting your balance forward each month — adding the interest charged, subtracting your payment — until the balance hits zero. The month that happens is your estimated debt-free date.
Pay more than the minimum, target the highest-interest debt first, avoid adding new debt, and consider whether consolidating to a lower rate would help. Small consistent increases make a big difference.
Often dramatically. Because extra payments reduce the interest charged in every later month, even a modest increase can pull your debt-free date forward significantly over the life of the debt.
Consolidating to a lower overall rate can reduce interest and simplify payments, which may speed things up — but only if you don't extend the term so far that total cost rises. Compare carefully.