Who it is for
Anyone carrying a card balance, a personal loan or a store card and wondering whether paying extra is worth it.
Home and Family · Planner · Free
What paying a little extra actually doesDebt Payoff Planner
Enter a balance, the interest rate and what you pay each month, and see how long it takes, what the interest costs you, and how much sooner it clears if you add a little more.
Runs in your browser. Nothing to install. Save the result or embed it on your site.
Your plan inputs
Your plan
Until it is paid off: 4.3 years
4.3 years
Until it is paid off
$3,586 of interest along the way
Paying $200 a month clears $6,500 in 52 months, and costs $3,586 in interest on the way. Adding $50 a month clears it in 37 months instead, which is 15 months sooner and $1,204 less interest.
$3,586
Total interest
$10,086
Total repaid
37 months
With the extra payment
15 months sooner
$1,204
Interest saved
The same balance, two payment plans.
Paying $200$3,586
Paying $250$2,383
An extra $50 a month, which is $600 a year, takes 15 months off this and saves $1,204 in interest. That is the highest guaranteed return available to most households.
Nothing you type here is sent anywhere. Print or download this to keep it.
What this assumed
- Interest compounds monthly at the annual rate divided by twelve.
- The balance is fixed. Anything you put on the card after today is not counted.
- Fees, promotional rates and cash advance rates are not modelled.
Runs entirely in your browser. Nothing you type is transmitted, stored, logged or placed in a link. Close the tab and it is gone.
Not financial advice
This is an illustration, not personalized financial advice. It does not account for your full financial picture, and nobody here is your financial advisor. Talk to a licensed professional before acting on a number from a free calculator.
You ran this on August 21, 2026. Rates and rules change, so check the date before you rely on a saved copy.
What this tool actually does for you
The problem it points at
Minimum payments are designed to keep a balance alive for years. The statement never shows you the total interest, so the real cost of paying the minimum stays invisible.
What you walk away with
The payoff date, the total interest, and exactly what an extra payment each month saves you.
How to use it
Set the goal, adjust the numbers, and work the plan week by week.
- Enter the balance and the interest rate from your statement.
- Enter what you currently pay each month.
- Move the extra payment slider and watch the payoff date and interest fall.
Questions people ask
Is APR the same as the interest rate?
For a card, close enough for this purpose. This applies the rate as monthly compound interest, which is how card interest usually works. Fees and cash advance rates are not modelled.
Should I pay the smallest balance or the highest rate first?
Highest rate first costs you the least money. Smallest balance first gives you a win sooner and some people stick with it better. Both work, and the one you actually keep doing is the right one.
What if my payment does not cover the interest?
Then the balance grows and it never clears. The tool tells you when that is happening, which is the point at which the debt needs restructuring rather than budgeting.
Put this tool on your own website
Free forever. I host it. You keep it.
This is a real lead magnet you can run on your own site tonight. Somebody lands on your page, plays with the numbers, sees what their problem costs, and now they are on your website instead of a competitor's. Costs you nothing, and I keep it working.
- Scroll up and press Put this tool on my website. The code appears right there, no form.
- Copy the one line you get.
- In your website editor, add an Embed, HTML or Custom Code block on whatever page you want it on.
- Paste it in, save, publish.
- Check it on your phone, then send people to that page.
Works on
WordPress, Wix, Squarespace, Shopify, GoDaddy, Webflow, Duda, HubSpot, ClickFunnels, or plain HTML. Anywhere that takes an embed code.
What it costs you
Nothing. No monthly fee, no expiring trial, no watermark you have to pay to remove. If you get stuck putting it in, text me at (903) 500-8898 and I will help you place it.
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Map the pages, lead capture, follow-up, and reporting that should sit behind your offer. The result is a recommendation, not a guaranteed outcome.