Loan Payoff Calculator
See exactly how long it will take to pay off a loan or credit card at a fixed monthly payment — and how much interest it will cost you along the way.
Time to pay off
3y 8m
Total interest
$6,977
Total paid
$21,977
How long to debt-free
n = −log(1 − B·r / PMT) / log(1 + r)
B is your current balance, r is the monthly rate (APR ÷ 12), and PMT is your fixed monthly payment.
Worked example
$15,000 at 22% APR with a $500/month payment pays off in about 44 months and costs $6,977 in interest.
Frequently asked questions
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