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Debt Payment Calculator

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Fill in the calculator form below, then click "calculate" to start comparing different debt payment scenarios. This calculator is mainly for instruments that utilize simple interest such as mortgages, auto refinance, and signature loans. Note that you can either select the number of years to pay the debt off, or you can select the desired monthly payment. When you are done generating values, click on the rows under the "Compare" heading to change their color. That way, you can group your options together for easy viewing.

Debt Amount: $
Annual Interest Rate:   %
Number of Years:   , or
Monthy Payment: $

Compare Scenarios:

 

Your different scenarios will display here each time you hit the "Calculate" button above.

 






Use the compound daily finance charge and interest calculator to see the effect on your credit card balance.

 

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