THE DEBT PAYOFF PLANNER
Debt payoff calculator with extra payments.
Enter one balance and compare two paths to debt-free. See the time and interest you could save before making a plan. Managing several balances? Compare avalanche and snowball payoff plans.
One decision.
Two clear outcomes.
Build your plan
Calculation assumptions
Payments are made once a month, after that month’s interest. APR stays fixed; monthly interest is APR ÷ 12, rounded to the nearest cent with half-cent ties rounded up. Enter balances and payments to the cent. No new purchases, fees, missed payments, or promotional rates are included. Extra payments go toward this balance. Actual credit cards often calculate interest daily and may produce different results.
Choose your pace
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Balance over time
Current With extraHOW TO USE THIS
Make the number
work for you.
Start with your statement
Use your current balance, APR, and a monthly payment you can realistically maintain.
Compare an affordable extra amount
Try a few amounts and look at the payoff date and total interest side by side.
Take the schedule with you
Download the month-by-month estimate, then check it against your lender’s terms.
What this estimate assumes
This is a simplified single-balance model. Each month, interest equals opening balance × APR ÷ 12. The payment first covers interest, then reduces the balance. The final payment is capped at the amount owed. Schedule interest and payments are rounded to the nearest cent each month, with half-cent ties rounded up. Summary totals are shown in whole dollars; download the schedule for cent-level totals. Your issuer may use daily interest, variable APRs, fees, or payment allocation rules. This tool is educational and does not give financial advice.