Debt Calculator

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Insert the total monthly amount you can afford to put toward all of your monthly debt

Debt Payoff Calculator Terms

  • • Debt

    Money that is owed or due.

  • • Balance Owed

    The remaining amount of your debt that you need to pay.

  • • Annual Interest Rate (APR)

    Also known as the annual percentage rate, it is the interest rate applied to your credit card purchases that were not paid in full each month.

  • • Annual Interest Rate (APR)

    Also known as the annual percentage rate, it is the interest rate applied to your credit card purchases that were not paid in full each month.

  • • Payoff Date

    The date you set for completely paying off your debts.

  • • Monthly Payment Needed

    The amount of money you need to allocate to pay off your debts based on your goal date.

  • • Interest

    The amount paid for borrowing money.

The Debt Payoff Plan

Everyone at least once feel like they’ll never get out of debt. The reality is debt can truly weigh you down, but take heart – with a smart plan you can escape! This Debt Payoff Calculator reveals how much you need to pay each month in order to be out of debt by a certain date.

Getting out of debt is truly a challenge but not impossible.