Most everyone would prefer to live debt free, and by adding to your monthly payment toward a debt, you can become debt-free quickly and save money on interest. This calculator will show you how long it will take to pay off a loan and how much interest will accrue over the length of the loan.

Enter the balance of the loan as the Loan Balance and adjust the sliders to match the details of the loan. Move the Added Monthly Amt slider to see how paying a bit more each month will save you money on interest and change your payoff date.

Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their accuracy, their applicability to your circumstances or guarantee of credit. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.