How to use it
- Step 1.Enter your current debt balance.
- Step 2.Add the annual interest rate charged on the balance.
- Step 3.Enter the amount you plan to pay each month.
- Step 4.Review the estimated payoff time and total amount paid.
Step-by-step guide
How to use the Debt Payoff Calculator
Follow these steps to enter the right values, understand the output, and compare realistic scenarios using the debt payoff calculator.
Helpful next steps
Advertisement