Free Calculator

When Will You Be Debt-Free?

Enter what you owe, the interest rate and what you pay each month. See the month your debt is gone, the interest it costs, and what an extra payment changes. Have more than one debt? Compare paying them down with a consolidation loan below.

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Three strategies here. Five in PFOS.

Inside PFOS, the Debt Payoff Optimizer adds the best custom payoff order and the IBC strategy to the three above, and runs all five on your real accounts.

Compare All 5 Payoff Strategies in PFOS →

Every result comes from the same engine PFOS runs for members. Projections are illustrative, for informational purposes only, and not a guarantee of future results.

Reading Your Result

What the answer tells you

📅
Your debt-free date
The month your balance reaches zero at the payment you make today.
💸
The interest it costs
How much interest you pay along the way.
⚡
What extra buys you
How many months sooner — and how much less interest — an extra monthly payment means.
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Pay down or consolidate
With more than one debt, the order matters, and one consolidation loan can cost more or less. Avalanche, snowball and a consolidation loan compared on months and total cost.
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