ClearDebt Payoff Calculator
Enter one debt's balance, interest rate, and monthly payment to see how long it'll take to pay off and how much interest you'll pay along the way.
Time to pay off32 months
Total interest paid$1,340
Total you'll pay$6,340
Estimate assumes a fixed rate and no new charges added to the balance.
How this is calculated
Each month, interest is added to your balance first (APR ÷ 12), then your payment is subtracted from what's left. This repeats until the balance hits zero — the same way credit card and loan interest actually compounds.
If you're deciding which debt to tackle first, see Debt Avalanche vs. Snowball. And once this balance hits zero, here's what to do the day after.