See exactly when you'll be debt-free, how much interest you'll pay, and how much you'd save by paying a little extra each month.
This calculator simulates your loan month-by-month. Each month, interest accrues on your current balance at the monthly rate (APR ÷ 12), and your payment is applied — first to interest, then to principal. We repeat the loop until the balance hits zero.
Because extra payments go straight to principal, they cut the balance that future interest is charged on. The earlier in the loan you pay extra, the more compounding you avoid. That's why even $50 extra a month can save thousands in interest over time.
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Try an $8,500 balance at 22% APR with a $250 monthly payment. You'll see it takes several years and thousands of dollars in interest to clear. Now add just $50 a month: the payoff date jumps forward by roughly a year and you save well over a thousand dollars in interest — all because that extra $50 goes straight to principal instead of feeding future interest.
Breezy Budget helps you find the extra every month by showing you exactly where your money is going.