Debt payoff calculator
Compare smallest-balance-first and highest-interest-first plans. See when each loan closes and how much interest you pay.
Enter your loans to compare both payoff strategies.
Estimates assume fixed interest rates, fixed required monthly payments, monthly interest before payment, and payments starting next month. Extra money and freed payments go to the priority loan, with any unused final payment applied to the next loan in the same month. No new borrowing, fees, insurance, or early-repayment penalties are included. Check your lender’s early-payment rules.
Enter the nominal annual interest rate, not an APR that includes fees. Interest is rounded monthly to whole AMD or cents for USD/EUR. Actual daily interest and changing minimum payments may produce different results. Your inputs are not saved by this calculator.