What could an extra payment change?
Explore how a little more each month could bring your debt-free date closer.
See your path forward
Illustrative previewHere’s what an extra $100 each month could do for you.
Pay off sooner
Compare your payoff dates
See how adding an extra payment each month could help you become debt-free faster.
Pay less interest
See your estimated savings
Find out how a higher monthly payment could reduce the amount of interest you pay over time.
Understand your results
Extra payments go toward your principal balance, which can help you pay off debt sooner and reduce the total interest you pay. This calculator uses a simplified fixed-rate, fixed-payment model to show illustrative results. Actual results may vary based on your lender’s terms, payment allocation, and other factors.
Snowball vs. avalanche
Compare two popular strategies for paying off debt and find out which might fit your situation best.
Read the guideMaking extra payments
Learn how extra payments work, where they go, and simple ways to make them part of your plan.
Read the guidePlanning your debt-free date
Get practical tips to set a realistic timeline, stay motivated, and adjust your plan as life changes.
Read the guide