Calculator 02
Debt payoff planner
Enter what you owe, the APR and the term left, then add an extra monthly payment. The planner shows how many months it takes off the loan, how much interest you never pay, and a year-by-year ledger of where every payment goes.
Denomination
Debt payoff planner
Find out what one extra payment a month actually buys you.
Goes straight to principal, on top of the scheduled payment.
Scheduled monthly payment
$427 /mo
Paying extra, you finish
1y 8m early
Interest saved
+$2,730
Interest as scheduled
$7,636
Interest with extra
$4,907
Minimum payments onlyWith your extra payment
Show year-by-year breakdown
| Year | Principal paid | Interest paid | Balance left |
|---|---|---|---|
| Year 1 | $4,548 | $2,380 | $13,452 |
| Year 2 | $5,273 | $1,654 | $8,179 |
| Year 3 | $6,115 | $812 | $2,064 |
| Year 4 | $2,064 | $61 | $0 |
Steady rates and payments assumed. Real markets and incomes move - use this as scale, not a forecast.
Both calculators run entirely in your browser — nothing you type is sent anywhere or stored. See both tools together or browse the articles.