💳 Paying Off Debt
Debt payoff is a math problem before it is a willpower problem. These calculators show what your loans actually cost, how interest compounds against you, and how much faster you can be done with modest extra payments.
1. Know what each debt really costs
Run each loan through the calculator to see its true monthly cost and total interest over the full term. Car loans in particular often cost far more than the sticker suggests.
2. Understand the interest working against you
Simple interest charges you on the original balance; compound interest charges you on interest too. Knowing which your debts use tells you which to attack first.
3. See the payoff schedule
The amortization view shows exactly when each debt dies at your current pace — and how dramatically the date moves when you add extra to the payment.