30-yr fixed 6.43% ▾ 0.06 wk

15-yr fixed 5.79% ▾ 0.04 wk

HELOC avg 7.90% — no change

Auto 60-mo new 6.82% ▴ +0.03 mo

Personal 24-mo 11.57% ▾ 0.12 qtr

Credit card APR 21.52% ▴ +0.09 qtr

as of Jul 2, 2026 · Federal Reserve / Freddie Mac via FRED (St. Louis Fed)

Credit Cards & Debt

Accelerated Debt Payoff Calculator

See how adding a fixed extra amount to your monthly debt payment accelerates payoff and cuts the interest you pay.

Inputs

Total debt balance

Average interest rate (APR)

Current monthly payment

Extra monthly payment

Estimates only. Change any value to recalculate instantly.

Interest you would save $4,260 debt-free 25 months sooner

Current payoff 5.2 yrs

Accelerated payoff 3.1 yrs

Interest (current) $9,695

Interest (accelerated) $5,436

Interest: accelerated vs current

Interest still paid $5.4k
Interest saved $4.3k

Adding $200 a month clears your debt 25 months early and saves $4,260 — because every extra dollar goes straight to principal.

Yearly payoff schedule (accelerated)View table

Year	Paid	Principal	Interest	Balance
1	$7,800	$4,956	$2,844	$13,044
2	$7,800	$5,925	$1,875	$7,119
3	$7,800	$7,084	$716	$35
4	$36	$35	$1	$0

How this calculator works

This calculator runs entirely in your browser — nothing you enter is sent anywhere, and there is no sign-up. Change any input and the result, breakdown, and schedule update instantly.

Rate and cost fields are pre-filled with current benchmarks (Federal Reserve / Freddie Mac via FRED (St. Louis Fed)), so your first result is already realistic — replace them with your own quote to see your numbers. To weigh one option against another, use the loan comparison calculator.

Common questions

Is this calculator free, and do I need to sign up?

Yes and no — it is completely free and asks for no account or personal details. Every calculation happens in your browser, so nothing you type is stored or sent to us.

How accurate are the results?

The math is exact for the inputs you give it, but the defaults are national benchmarks — your real rate, fees, taxes, and insurance will differ. Treat the result as a close estimate to refine with a real quote.