HelpMeHowTo
Tiny tools that show what it takes to get debt free.
Simple math · No login · Not financial advice
Loan & debt payoff calculator

How long will it take to pay this off?

See how long a loan will take to pay off with your current payment, or what monthly payment you’d need to clear it in a set time.

Use: credit cards, personal loans, car loans
Assumes: fixed rate, fixed monthly payment
Does not include fees or changing rates
Total amount you still owe.
Use the annual percentage rate from your statement.
What you actually plan to pay each month.
For example: $, €, £. Display only.
Rough calculator only. Real payoff depends on how your lender applies interest and fees.
Payoff summary
Using your payment and APR

Enter your balance, APR, and either your monthly payment or desired payoff time. We’ll show approximate months to payoff and total interest.

Months to payoff –
Approx. years –
Approx. payoff date –
Total paid –
Interest paid –
These numbers assume a fixed rate and fixed monthly payment with interest compounded monthly. Real lenders may calculate differently and may charge extra fees.
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Loan payoff: common questions

How does this loan payoff calculator work?
It uses the standard formulas for fixed‑rate loans with monthly compounding. For “how long with my payment”, it solves for the number of months needed to pay the balance at your payment and APR. For “what payment do I need”, it solves for the payment that clears the balance in your chosen time.
Does this include fees, changing interest rates, or penalties?
No. It assumes one constant APR, one fixed monthly payment, and no extra fees or rate changes. It’s meant as a ballpark tool, not an exact match to your statement.
Why does it say my payment is too low?
If your monthly payment is less than the interest that accrues each month, the balance would never go down. In that case the calculator shows that the payment is too low to ever fully pay off the loan with this simple model.
Is this financial advice?
No. This is a simple math helper only. Talk to a qualified professional or your lender for advice about real repayment options, and always check your actual statements and terms.