Debt Payoff Calculator

How It Works

Most everyone would prefer to live debt free, and by adding to your monthly payment toward a debt, you can become debt-free quickly and save money on interest. This calculator will show you how long it will take to pay off a loan and how much interest will accrue over the length of the loan.

Enter the balance of the loan as the Loan Balance and adjust the sliders to match the details of the loan. Move the Added Monthly Amt slider to see how paying a bit more each month will save you money on interest and change your payoff date.

Disclaimer
While we hope you find this content useful, it is only intended to serve as a starting point. Your next step is to speak with a qualified, licensed professional who can provide advice tailored to your individual circumstances. Nothing in this article, nor in any associated resources, should be construed as financial or legal advice. Furthermore, while we have made good faith efforts to ensure that the information presented was correct as of the date the content was prepared, we are unable to guarantee that it remains accurate today.

Neither Banzai nor its sponsoring partners make any warranties or representations as to the accuracy, applicability, completeness, or suitability for any particular purpose of the information contained herein. Banzai and its sponsoring partners expressly disclaim any liability arising from the use or misuse of these materials and, by visiting this site, you agree to release Banzai and its sponsoring partners from any such liability. Do not rely upon the information provided in this content when making decisions regarding financial or legal matters without first consulting with a qualified, licensed professional.

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