This free debt payoff calculator makes it easy to estimate how long it will take to pay off your debt. Whether you’re tackling a single loan or combining multiple credit cards into one simple balance, just enter your total amount owed, interest rate, and planned monthly payment. The calculator will show you how many months it’ll take to become debt-free, plus the total interest and overall amount you’ll pay.
It’s fast, easy to use, and totally free — no signups or downloads. Perfect for anyone who’s just getting started with budgeting, trying to pay down credit cards, or looking for a clearer picture of their debt timeline.
What Can This Calculator Help You Do?
- Estimate how long it will take to become debt-free
- See how much total interest you’ll pay
- Understand the true cost of carrying debt over time
- Combine multiple debts into one simple calculation
- Make a plan to pay off debt faster and stay motivated
- Decide if your current monthly payment is enough
- Avoid getting trapped in long-term interest payments
How Do I Use This Debt Payoff Calculator?
All you need to do is enter three numbers: your total debt amount, the annual interest rate, and how much you plan to pay each month. The calculator will instantly show you how many months it will take to pay off your balance, how much interest you’ll pay, and the total amount you’ll spend. You can adjust the numbers as many times as you want to explore different scenarios.