Extra Payment Calculator
See how extra payments accelerate your debt payoff. Calculate how an extra $50, $100, or $500/month changes your debt-free date.
Let's list your debts
No judgment here — just getting a clear picture.
Can you add any extra?
Even $20/month makes a real difference. But no pressure!
Added on top of your minimums each month
Tax refund, bonus, or gift?
Not sure yet? You can skip this step — we'll still show your payoff plan.
You'll be completely debt-free by
That's just months away!
Great news! You'll save in interest — that's real money back in your pocket! And you'll be debt-free months sooner than just paying minimums.
Your debt disappearing over time
Your payoff journey
Each milestone is a victory. Celebrate them!
Paid off in month — First win!
Debt Freedom Day!
What's next?
| Month | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
Showing first 24 of months.
The power of extra payments
Even small extra payments can dramatically speed up your debt payoff. Here's why they're so effective.
100% to principal
When you pay extra (beyond your minimum), it goes straight to your balance. Less balance = less interest next month. The savings compound over time.
Where to find extra money
Monthly sources
- • Cut one subscription
- • Side gig income
- • Cashback rewards
- • Pack lunch twice a week
One-time windfalls
- • Tax refund
- • Work bonus
- • Selling unused items
- • Birthday money
Before you start
Make sure you have a small emergency fund first ($500–$1,000). This prevents you from going back into debt when unexpected expenses hit. Then throw everything else at your debt.
No extra money right now?
That's okay. Start with minimums, and add extra when you can. The most important thing is making consistent payments. You're still making progress.