Debt repayment
Paying off a fixed-rate debt: how long with given payments, or what payment to be done in X months? This calculator estimates the timeline and total interest cost.
$10,000
19.0%
$300
Results
Months to payoff48
Total interest$4,328.99
Visualisation
We simulate month by month: interest = balance × (annual rate/12); principal paid = payment − interest; new balance = balance − principal. Months to payoff = number of payments until balance ≤ 0. Total interest = sum of monthly interest.