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Debt Payoff Calculator
Calculate how long it will take to pay off your debt and how much interest you'll pay over time.
Debt Information
$
Total amount you owe
%
Your loan's APR
$
How much you plan to pay each month
$
Additional amount to pay monthly
Results
Payoff Time
2 years 8 months
Total Interest
$1,313.97
Total interest you'll pay
Total Amount Paid
$6,313.97
Principal + Interest
How It Works
This calculator uses month-by-month simulation to determine your debt payoff timeline. Each month, interest is calculated on your remaining balance, then your payment is applied.
The calculator assumes:
- Fixed monthly payments
- Consistent APR throughout the loan
- No additional charges or fees
- Payments made on time each month