Debt payoff calculator
See how long your debt payment could take
Enter a balance, annual interest rate, and monthly payment. The calculator estimates the payoff time and total interest when the payment is large enough to reduce the balance.
Calculate my payoffEstimated payoff
- Time
- Total interest
- Total paid
This estimate assumes the same rate and payment every month, no new charges, and monthly compounding. Your lender's timing and fees can differ.
Make it part of the plan
Track the balance beside the rest of your month.
Karat can keep a debt target with your budget, spending, and net worth. The app does not move money or connect to a lender.
Add this debt to my plan