A debt payoff calculator, free.
Type a debt’s balance, interest rate and your monthly payment. See how long it will take to pay off, the interest you’ll pay, and what paying a little extra saves.
✓ 100% free ✓ Instant download ✓ Excel for Windows & Mac
| Just the payment | With $100 extra | |
|---|---|---|
| Months to pay off | 77 | 27 |
| Debt-free by | Jun 2033 | Apr 2029 |
| Total interest | $4,261.22 | $1,288.75 |
| Total you’ll pay | $8,461.22 | $5,488.75 |
Simple, and a bit of an eye-opener
Payoff date
How many months until it’s gone, and the date.
Total interest
What the debt really costs you on your current payment.
Pay a little extra
See how much sooner you’d be done, and how much you’d save.
Yours in under a minute
Click “Download it free”
You’ll go to a secure download page. There’s nothing to pay.
Enter your email
The download link is sent straight to your inbox, and you can download it straight away too.
Open it in Excel
Type your debt’s balance, APR, payment and an extra amount.
Free version or full version
The free calculator is for one debt. The full Debt Payoff Planner handles up to 10, with Snowball vs Avalanche and payments that roll over.
| Free | Full version · $9.99 | |
|---|---|---|
| Months to pay off and date | ✓ | ✓ |
| Total interest | ✓ | ✓ |
| Pay extra: what you save | ✓ | ✓ |
| Debts | 1 | 10 |
| Snowball vs Avalanche | – | ✓ |
| Payments roll over as debts clear | – | ✓ |
| Month-by-month schedule | – | ✓ |
| Dashboard and chart | – | ✓ |
Hi, I’m Lee
I run Sheet Leveller on YouTube, where I make quick, no-nonsense Excel tutorials. This free calculator uses Excel’s NPER function from my tutorials, ready to use today.
Questions
Is it really free?
Yes. You just enter your email address so the download link can be sent to you.
Will you email me?
Now and then, with new Excel templates and tips. You can unsubscribe at any time with one click.
Does it use macros?
No. It’s a normal .xlsx file, so there’s nothing to enable and no security warnings.
Which versions of Excel does it work with?
Microsoft 365, Excel 2010 or later on Windows, and Excel for Mac.
See your payoff date today.
Download the free Debt Payoff Calculator and see what paying extra saves.
Download it freeGot more than one debt? See the full Debt Payoff Planner.