Enter your debts, choose a payoff strategy, and see exactly how long it takes and how much interest you'll save.
How minimum payments are calculated: for credit cards and lines of credit, we use the minimum payment amount you enter, and let it decline each month as your balance drops — the same way your card issuer recalculates it. It never drops below $25/mo, and we override what you enter only if it wouldn't cover that month's interest or falls below that $25 floor. Loans always use the fixed payment you enter. For accurate results, enter the real balance, interest rate, and minimum payment from your latest statement — the simulation is only as accurate as the numbers you give it.
| Name | Type | Balance ($) | Min. Payment ($) | Interest Rate (%) | |
|---|---|---|---|---|---|
Applied to target debt after minimums. Credit Card & Line of Credit minimums decline each month as your balance drops, but never fall below $25/mo or below that month's interest.
| Your Strategy | Minimums Only | You Save | |
|---|---|---|---|
| Payoff Time | — | — | — |
| Total Interest | — | — | — |
| Total Paid | — | — |
Pay the listed debt(s) the amount shown. All other debts: pay only their minimum that month. “Total this month” is your full payment including those minimums.