TOOLS · DEBT
Debt Payoff Calculator
See how a consistent extra payment may reduce payoff time and interest on a fixed-rate balance.
↗ CALCULATOR
WITH THE EXTRA PAYMENT
36 months
Months saved16
Interest saved$1,916
Estimate assumes a fixed APR, no new charges and the same payment every month.
Use the comparison, not just the payoff date
The useful output is the difference between your current payment path and the higher-payment path. That turns an abstract extra payment into months and dollars.
What this simplified model assumes
No new charges, a constant APR and the same monthly payment. Real credit products can calculate interest differently and may have variable rates or fees.