Debt Payoff Calculator
Enter your balance, your interest rate, and the payment you can make each month. The calculator shows your debt free date, your total interest cost, and what happens to both when you push the payment a little higher.
Debt-free in 37 months (3.1 years). Total interest paid: $3,083.
Clear your debt with one fixed payment
Consolidate high-interest balances into a single personal loan. Check your rate with a soft pull that does not affect your credit score. Rates as of July 11, 2026.
Worked examples
Real results from this calculator, computed for a few common scenarios. Move the sliders above to run your own numbers.
| Current balance = $12,500 | Debt-free in 80 months (6.7 years). Total interest paid: $11,337. |
| Current balance = $30,250 | That payment does not cover the interest. The balance never falls. Raise the payment. |
| Current balance = $48,000 | That payment does not cover the interest. The balance never falls. Raise the payment. |
Popular scenarios, precomputed
One-click answers to the versions of this question people ask most.
How Long to Pay Off $1,000 in Credit Card Debt?
How Long to Pay Off $2,000 in Credit Card Debt?
How Long to Pay Off $3,000 in Credit Card Debt?
How Long to Pay Off $5,000 in Credit Card Debt?
How Long to Pay Off $7,500 in Credit Card Debt?
How Long to Pay Off $10,000 in Credit Card Debt?
How Long to Pay Off $15,000 in Credit Card Debt?
How Long to Pay Off $20,000 in Credit Card Debt?
Your next step
Credit Card Debt Payoff
Get out of high-interest debt faster, with the math to prove the plan before you commit to it.
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How this math works
Each month the tool adds interest to your balance using one twelfth of your APR, then subtracts your payment. The chart tracks the balance until it reaches zero. If the payment is too small to cover the monthly interest, the balance never falls, and the tool will tell you so.
Try this experiment with the sliders. Add 50 dollars to the monthly payment and watch both the payoff date and the lifetime interest shrink. On high rate credit card debt, extra payments are one of the best guaranteed returns available anywhere.
Common questions
Should I pay off debt or invest first?
A common rule of thumb is to attack any debt charging more than 7 or 8 percent before investing beyond an employer match. Credit cards charging 20 percent or more are almost always the first target.
Does this work for the snowball or avalanche method?
Run it one debt at a time. The avalanche method targets the highest rate first and saves the most interest, while the snowball targets the smallest balance first and builds momentum.
What APR should I use?
Check your latest statement for the exact purchase APR. Credit cards in recent years have averaged above 20 percent, so do not be surprised if yours is higher than you guessed.
Put this calculator on your website
Bloggers, teachers, credit unions, HR teams: embed the live Debt Payoff Calculator free. Copy the snippet below — the tool keeps working and stays up to date automatically, no maintenance on your side.
The Flourish Letter
One useful money idea every Friday, with the interactive chart so you can check the math. Free. Welcome path: free printable toolkit (calendar, debt sheet, raise script, and more).