Enter your debt details. See exactly when you'll be free — and how extra payments change everything.
| # | Payment | Principal | Interest | Balance |
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Each month, interest accrues on your remaining balance at APR ÷ 12. Your payment covers that interest first; the rest reduces principal. With extra payments, more goes to principal each month, creating a compounding effect that accelerates payoff. This calculator assumes a fixed rate and consistent monthly payments. Actual results may vary based on payment timing, rate changes, and fees.