Debt Payoff Calculator

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This calculator will help you create a plan to pay off your debt. First specify a list of credit accounts, their interest rate, and their minimum payment requirements. Then enter the monthly amount you'll be paying towards your total debt. Finally, click the "calculate debt payoff payment plan" button to generate an approximate timetable and payment plan. Note that the results are approximate due to variations in interest calculation methods and payment scheduling.

(To calculate a payment schedule for a loan with a fixed number of payments, try our Amortization Calculator.)

*** Please read this important disclaimer before using this tool.

List of credit accounts:

Account BalanceInterest Rate (APR)
Minimum Payment, maximum of:
% of balanceMin Amount

Total monthly payment towards debt: