How Much Is Your Debt Costing You

Do you know how much interest you are paying each year on all of your debts? You might be surprised. With this calculator you can find out how much you owe, how much interest you paying each year, and how long it’s going to take to pay it all off. Just enter your credit card and loan balances, and the calculator will figure out the rest.

This Financial Calculator requires SUN's Java™ Plug-in. If you see this message you will need to download SUN's Java™ Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing “Install ActiveX Control”.

    You can also get SUN's Java™ Plug-in here: Get the Java™ Plug-in!

    For more information about this Plug-in please visit: SUN's Java™ Plug-in
    For more information these financial calculators please visit: Financial Calculators from KJE Computer Solutions, LLC



Definitions

Credit cards
Enter up to 4 credit card accounts, one on each line.
Balance
Your current balance on your credit card or other loan.
Interest rates (APR)
The average annual percentage rate you pay. This interest rate is calculated for each of the categories of debt you have including credit cards and your other loans. For credit cards the rate you enter is used to calculate the interest on all future credit card payments. The length of time to pay off this credit card may be much greater than calculated if you enter a low promotional interest rate that is only good for a short period of time.
Monthly Payment
Your current monthly payment for the loan or credit card.
Auto loans
Enter your current balance, APR and monthly payment. The calculator will calculate the number of monthly payment you have left and the total interest.
Other loans
Enter your current balance, APR and monthly payment for up to two personal loans and one additional loan. The calculator will calculate the number of monthly payment you have left and the total interest.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.