How the Analysis Works
The calculator projects each debt month by month using the balance, interest rate, and payment you enter. When one debt is paid off, its payment can be applied to the remaining debts according to the selected strategy.
Debt payoff planning
End of Debt Date
See when you can become debt-free and how your payment choices affect the timeline.
Your Debt-Free Results
Your results update as you change your debts, payments, or strategy.
Debt-Free Date
Calculating...
Projected payoff date
Total Payments
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Payments over the payoff period
Monthly Payments
$0.00
Combined monthly payment
Total Interest
$0.00
Estimated interest paid
Enter your information
Adjust your debts below to see how your payoff timeline changes.
Start with the month and year you want to use for the analysis. Then enter the interest rate, monthly payment, and current balance for each debt. Add additional debts as needed.
Understanding Your Results
The debt-free date is the projected month when the combined balances reach zero. Total interest represents the estimated cost of borrowing above the balances entered, while the payment figure shows the combined monthly amount used in the projection.
Before You Commit
Use the calculator to compare strategies rather than as a guarantee. Actual results can differ because lenders may use different interest calculations, payment timing, fees, minimum-payment rules, or other account terms.
For planning purposes only. This calculator provides an estimate based on the information you enter. It is not financial advice and does not account for every lender-specific rule, fee, or change in your accounts.