Debt Payoff Calculator
Create a strategic plan to become debt-free faster
Payoff Strategy
Extra Monthly Payment
$200
per month
Your Debts
Credit Card 1
18.99% APR
$5,000
Minimum Payment:$150
Credit Card 2
22.49% APR
$3,200
Minimum Payment:$100
Personal Loan
12.5% APR
$8,000
Minimum Payment:$250
Recommended Payoff Order
1
Credit Card 2
$3,200 at 22.49%
2
Credit Card 1
$5,000 at 18.99%
3
Personal Loan
$8,000 at 12.5%
You'll Be Debt-Free In
2y 5m
April 2028
Total Interest Paid
$4,100
Total Amount Paid
$20,300
Total Monthly Payment
$700
$500 minimum + $200 extra
Tips to Pay Off Faster
- Make bi-weekly payments instead of monthly
- Use windfalls (tax refunds, bonuses) for extra payments
- Cut one expense and redirect to debt
- Consider balance transfer to lower rate