Debt Payoff Goal Calculator

 

Debt Payoff Goal Calculator

This calculator will compute how much you will need to pay each month in order to pay off a given debt by a selected payoff-goal date. Learn more about debt management and get a free counseling session with an experienced and certified debt counselor by filling out the form to the right.

 

Enter the principal balance owed:
Enter the annual interest rate:
Select the payoff goal month and year: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 2051 2052 2053 2054 2055 2056 2057 2058 2059 2060
Monthly payment required to achieve payoff goal:
Number of payments between now and payoff:
Total interest cost between now and payoff: