Start with these calculators
These tools answer the most common debt questions: “How long will this take?”, “What’s my payment?”, and “How much interest am I paying over time?”
Quick guide: pay off debt faster
Most payoff strategies are simple math. Small changes can make a big difference.
- Pay more than the minimum whenever possible.
- Highest APR first usually reduces interest the most.
- Run “what if” scenarios: +$25, +$50, +$100 extra per month.
Start with Credit Card Payoff, then use the amortization table for long-term loans.
FAQ
Quick answers to common debt calculator questions.
Why does my lender’s payment differ from this calculator?
Lenders may include fees, escrow (for mortgages), different rounding rules, or interest timing. Your statement’s terms win—use this tool to understand the math.
What’s the difference between “loan payment” and “amortization”?
Loan payment gives the monthly number. Amortization shows how each payment splits into interest vs principal over time.
Does credit card payoff include new charges?
No. It assumes you stop adding new charges and make consistent payments each month.