Free Tools / Personal finance
Debt Payoff Calculator
Estimate payoff time and interest with a fixed monthly payment.
Free to use · No account neededResult chart
Worked example
Debt balance: 2500 € · Annual interest rate: 8 % · Monthly payment: 150 € → Number of months: 18 · Total interest: 159.04 € · Total: 2659.04 €
How is it calculated?
r = Annual interest rate ÷ 1,200 · Bₙ = max(0, Bₙ₋₁ × (1 + r) − Monthly payment) · B₀ = Debt balance
Is the calculator free?
Free to use · No account needed.