Debt Payoff Calculator

See how long it takes to clear any fixed-rate debt and how much interest you'll pay at a set monthly payment.

Your details

Debt balance$APR%Monthly payment$Must exceed the monthly interest to make progress.

Time to pay off

3 yrs 11 mos

Total interest: $3,967.21
Total paid: $13,967.21

Principal vs interest

Principal: $10,000.0072%
Interest: $3,967.2128%

Time to pay off3 yrs 11 mos

Formula

Each month interest = balance × APR/12 is added, then your payment reduces the balance until it reaches zero.

Sources & methodology

•CFPB — debt — CFPB

Last updated: 2026-07-20

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