Debt calculator

Debt Freedom Calculator

How to use this calculator: Enter one non-mortgage debt balance, interest rate, current monthly payment, optional extra monthly payment, and a target payoff period. The result compares the current payment plan with the extra-payment plan and estimates the payment needed for the selected target.

Public testing

Trying to understand payoff timing?

Use the Debt Payoff Timing Guided Route to place the balance, monthly payment, and interest rate in context before using this calculator.

Explore the guided route