Loan Repayment Tools
Managing and paying off debt requires a solid strategy. Our loan repayment tools allow you to model different payoff scenarios, visualize the impact of extra payments, and choose the most mathematically efficient path out of debt.
Calculators
Our free online loan repayment tools to help you calculate and plan.
Related Guides
Learn more with our comprehensive guides and articles.
How Loan Amortization Works
A detailed breakdown of how your monthly loan payments are applied to principal and interest over time.
Debt Snowball vs Debt Avalanche
Compare the Debt Snowball and Debt Avalanche methods for paying off debt. Learn the pros and cons of each strategy and decide which is best for you.
Glossary Terms
Key definitions you should know.
Worked Examples
Step-by-step examples showing exactly how the math works.
Paying off $10,000 in Credit Card Debt
Credit cards have notoriously high interest rates. By paying only $300 a month, more than half of the original balance ($5,244) is paid purely in interest before the debt is cleared.
View in Calculator →Frequently Asked Questions
What is the fastest way to pay off a loan?
Mathematically, the debt avalanche method (paying off the highest interest rate first) saves the most money and pays off debt the fastest. However, the snowball method (paying the smallest balance first) helps build momentum.