Finance

Debt Payoff Calculator

How long until your debt is gone.

Result
35.6 mo
≈ 2.96 years to pay off
Total paid
$10,666.12
Interest paid
$2,666.12

Estimate how many months it will take to pay off a credit card or loan and how much interest you'll pay.

How it works

n = ln(P / (P − B·i)) / ln(1 + i), where B is the balance, i the monthly rate, and P the monthly payment.

Example

$8,000 balance at 19.99% with $300/mo → ≈ 33 months, $1,879 interest.

Popular calculators

The most-used tools on Calcly.

Related calculators