Meet a Debt Payoff Goal

Payoff with Current Payment

Monthly
Payment
Total
Interest
Months to
Pay Off

Payoff with Goal Payment

Monthly
Payment
Total
Interest
Months to
Pay Off

Setting a goal for paying off a mortgage, auto loan, credit card or personal loan makes good financial sense. Some loans, such as mortgage or auto loans have defined repayment periods. Others do not. In order to reach a debt repayment goal, you'll need to know what you need to pay each month. You also might want to compare it to your current repayment schedule to see how helpful reaching that goal might be.