Pay Off Calculator
How to pay off debt
This calculator can help you wrangle your debts. It shows your debt-free date with your current payments, then how much faster you’d get there by paying more each month. You can also compare debt snowball and debt avalanche payoff plans.
When will I be debt-free?
You will be debt free in
How much extra money can you pay each month?$
|Total monthly payment|
|Debt free in|
Credit Utilization Ratio
Your credit utilization ratio is the percentage of available credit you are using and is an important factor in determining your credit score.
To calculate your credit utilization ratio, gather your credit card and revolving loan statements and plug them into our credit calculator.
Debt-to-Income Ratio Calculator
A debt-to-income, or DTI, ratio is derived by dividing your monthly debt payments by your monthly gross income.
To calculate your debt-to-income ratio, add up all of your monthly debts – rent or mortgage payments, student loans, personal loans, auto loans, credit card payments, child support, alimony, etc. – and divide the sum by your monthly income.
Consolidate Credit Card
The debt consolidation calculator below can help you decide if consolidation is right for you.
The calculator will suggest the best way to consolidate your debt and estimate your savings with a debt consolidation loan.