Debt payoff by date calculator
Choose a payoff date and see the monthly payment that gets you there.
| Months | Monthly payment | Interest |
|---|---|---|
| 12 | $748 | $980 |
| 24 | $415 | $1,951 |
| 36 | $305 | $2,984 |
| 48 | $252 | $4,077 |
| 60 | $220 | $5,230 |
How it works
The required payment is the fixed amount that pays off the balance exactly over your chosen number of months, including interest at the APR divided by 12.
Assumes a fixed rate and no new charges. A shorter deadline raises the payment but lowers total interest.
Example
With the sample inputs shown above (Debt balance ($) = 8000; APR (%) = 21.9; Months until debt-free = 24), the calculator returns: Pay each month: $415 (For 2 yr ); Total interest: $1,951; Total paid: $9,951.
Things to know
Pick a date you can realistically hit. A shorter deadline raises the payment but cuts total interest, so compare a few timelines in the table. Use the result as a fixed monthly payment and avoid new charges on the balance.