Debt Payoff Calculator

Amount of Debt $
Interest Rate %
Monthly Payment $

This calculator shows how long it will take to payoff debt. It can be used for any loan, credit card debt, student debt, personal, business, car, house, etc...

Many times, combining multiple high-interest loans into one low interest loan can be a good option. This is called debt consolidation.

Loan Payoff Over Time
Month Payment Interest Principal Balance
1 $200 $100 $100 $19,900
2 $200 $100 $101 $19,800
3 $200 $99 $101 $19,698
4 $200 $98 $102 $19,597
5 $200 $98 $102 $19,495
6 $200 $97 $103 $19,392
7 $200 $97 $103 $19,289
8 $200 $96 $104 $19,186
9 $200 $96 $104 $19,082
10 $200 $95 $105 $18,977
11 $200 $95 $105 $18,872
12 $200 $94 $106 $18,766
13 $200 $94 $106 $18,660
14 $200 $93 $107 $18,554
15 $200 $93 $107 $18,446
16 $200 $92 $108 $18,339
17 $200 $92 $108 $18,230
18 $200 $91 $109 $18,121
19 $200 $91 $109 $18,012
20 $200 $90 $110 $17,902
21 $200 $90 $110 $17,792
22 $200 $89 $111 $17,681
23 $200 $88 $112 $17,569
24 $200 $88 $112 $17,457
25 $200 $87 $113 $17,344
26 $200 $87 $113 $17,231
27 $200 $86 $114 $17,117
28 $200 $86 $114 $17,003
29 $200 $85 $115 $16,888
30 $200 $84 $116 $16,772
31 $200 $84 $116 $16,656
32 $200 $83 $117 $16,539
33 $200 $83 $117 $16,422
34 $200 $82 $118 $16,304
35 $200 $82 $118 $16,185
36 $200 $81 $119 $16,066
37 $200 $80 $120 $15,947
38 $200 $80 $120 $15,826
39 $200 $79 $121 $15,706
40 $200 $79 $121 $15,584
41 $200 $78 $122 $15,462
42 $200 $77 $123 $15,339
43 $200 $77 $123 $15,216
44 $200 $76 $124 $15,092
45 $200 $75 $125 $14,968
46 $200 $75 $125 $14,842
47 $200 $74 $126 $14,717
48 $200 $74 $126 $14,590
49 $200 $73 $127 $14,463
50 $200 $72 $128 $14,335
51 $200 $72 $128 $14,207
52 $200 $71 $129 $14,078
53 $200 $70 $130 $13,949
54 $200 $70 $130 $13,818
55 $200 $69 $131 $13,687
56 $200 $68 $132 $13,556
57 $200 $68 $132 $13,424
58 $200 $67 $133 $13,291
59 $200 $66 $134 $13,157
60 $200 $66 $134 $13,023
61 $200 $65 $135 $12,888
62 $200 $64 $136 $12,753
63 $200 $64 $136 $12,616
64 $200 $63 $137 $12,479
65 $200 $62 $138 $12,342
66 $200 $62 $138 $12,204
67 $200 $61 $139 $12,065
68 $200 $60 $140 $11,925
69 $200 $60 $140 $11,784
70 $200 $59 $141 $11,643
71 $200 $58 $142 $11,502
72 $200 $58 $142 $11,359
73 $200 $57 $143 $11,216
74 $200 $56 $144 $11,072
75 $200 $55 $145 $10,927
76 $200 $55 $145 $10,782
77 $200 $54 $146 $10,636
78 $200 $53 $147 $10,489
79 $200 $52 $148 $10,342
80 $200 $52 $148 $10,193
81 $200 $51 $149 $10,044
82 $200 $50 $150 $9,894
83 $200 $49 $151 $9,744
84 $200 $49 $151 $9,593
85 $200 $48 $152 $9,441
86 $200 $47 $153 $9,288
87 $200 $46 $154 $9,134
88 $200 $46 $154 $8,980
89 $200 $45 $155 $8,825
90 $200 $44 $156 $8,669
91 $200 $43 $157 $8,512
92 $200 $43 $157 $8,355
93 $200 $42 $158 $8,197
94 $200 $41 $159 $8,038
95 $200 $40 $160 $7,878
96 $200 $39 $161 $7,717
97 $200 $39 $161 $7,556
98 $200 $38 $162 $7,394
99 $200 $37 $163 $7,230
100 $200 $36 $164 $7,067
101 $200 $35 $165 $6,902
102 $200 $35 $165 $6,736
103 $200 $34 $166 $6,570
104 $200 $33 $167 $6,403
105 $200 $32 $168 $6,235
106 $200 $31 $169 $6,066
107 $200 $30 $170 $5,897
108 $200 $29 $171 $5,726
109 $200 $29 $171 $5,555
110 $200 $28 $172 $5,382
111 $200 $27 $173 $5,209
112 $200 $26 $174 $5,035
113 $200 $25 $175 $4,861
114 $200 $24 $176 $4,685
115 $200 $23 $177 $4,508
116 $200 $23 $177 $4,331
117 $200 $22 $178 $4,152
118 $200 $21 $179 $3,973
119 $200 $20 $180 $3,793
120 $200 $19 $181 $3,612
121 $200 $18 $182 $3,430
122 $200 $17 $183 $3,247
123 $200 $16 $184 $3,064
124 $200 $15 $185 $2,879
125 $200 $14 $186 $2,693
126 $200 $13 $187 $2,507
127 $200 $13 $187 $2,319
128 $200 $12 $188 $2,131
129 $200 $11 $189 $1,941
130 $200 $10 $190 $1,751
131 $200 $9 $191 $1,560
132 $200 $8 $192 $1,368
133 $200 $7 $193 $1,175
134 $200 $6 $194 $980
135 $200 $5 $195 $785
136 $200 $4 $196 $589
137 $200 $3 $197 $392
138 $200 $2 $198 $194
139 $195 $1 $194 $0