The extra you pay each month is the single biggest lever on your debt-free date. Drag the slider and watch the interest saved and time saved change instantly.
Add each balance, its APR, and the monthly minimum (or let us estimate it). Everything is calculated in your browser — your numbers never leave your device.
The single biggest lever on your payoff date.
Avalanche: highest APR first — least interest paid.
Throwing a tax refund or bonus at your debt? Add it here to see how much faster it gets you to $0.
Same debts, same budget. Pick the one you'll actually stick with — tap a card to see its full schedule below.
Save $361 and finish 2 months sooner.
Save $659 and finish 4 months sooner.
Save $1,312 and finish 9 months sooner.
| Month | Paid | Interest | Remaining balance |
|---|---|---|---|
| 1 | $729.00 | $277.98 | $17,049 |
| 2 | $729.00 | $268.89 | $16,589 |
| 3 | $729.00 | $259.60 | $16,119 |
| 4 | $729.00 | $250.12 | $15,641 |
| 5 | $729.00 | $240.43 | $15,152 |
| 6 | $729.00 | $230.53 | $14,654 |
| 7 | $729.00 | $220.88 | $14,145 |
| 8 | $729.00 | $211.46 | $13,628 |
| 9 | $729.00 | $201.85 | $13,101 |
| 10 | $729.00 | $192.06 | $12,564 |
| 11 | $729.00 | $182.08 | $12,017 |
| 12 | $729.00 | $171.90 | $11,460 |
Totals: you'll pay $21,594 over the life of the plan, including $4,094 in interest. Estimates only — actual minimums and interest vary by lender. See our methodology.
Your minimum mostly covers interest. Every dollar above it goes straight to principal, which reduces next month's interest, which frees more for principal — a compounding effect in your favor.
Use the slider above to test different extra amounts. Even small, consistent increases move your debt-free date dramatically. Then lock it in by automating the payment. Pair this with the avalanche method to maximize the savings.