Debt Payoff Time Calculator
Estimate how many months it will take to pay off a loan with fixed monthly payments and interest.
CalcSimpler Examples
- $5,000 balance, 6% rate, $150 payment ⇒ 36.5 months
- $10,000 balance, 12% rate, $250 payment ⇒ 52.9 months
- $3,000 balance, 0% rate, $200 payment ⇒ 15 months
FAQ
What if payment is too low?
If the payment is less than monthly interest, the calculation is invalid.
Are fees included?
No, it assumes only principal and interest.
Is the interest rate fixed?
Yes, the rate is assumed constant over the payoff period.
Additional Information
- Result unit: months
CalcSimpler