Debt and payments
Payoff planner
Estimate the time and interest needed to pay one balance, with or without extra payments.
Your entries stay in this page and are not saved or submitted. No account is needed.
Adapted from the financial planning tools at Credit Sense Credit Repair.
Your result
Ready when you are
Review the example inputs and update the result.
How this tool works
Assumes fixed APR, monthly interest at APR / 12, payments at month end, no fees and no new purchases. Interest is rounded to cents each month. Actual statements may use daily interest. Estimates stop at 600 months and never label an unpaid balance as paid off.
Reference: CFPB debt repayment strategies.
Adapted from the financial planning tools at Credit Sense Credit Repair.