Debt can get very expensive, very fast. Use this calculator to add up all of your debt and find out how much you could be paying in interest.

To protect your privacy, the information you enter into this tool will not be saved beyond the current session. You can, however, print this page to retain a copy of the data you enter.

Definitions

• Credit cards: Enter up to four credit-card accounts, one per line. Round your balance and monthly payment entries to the nearest dollar.
• Balance: The current balance on your credit card or other loan. Round your entry to the nearest dollar.
• Interest rates (APR): The nominal annual percentage rate. This interest rate is calculated for each of the categories of debt you have, including credit cards and 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. Round your entry to the nearest dollar.
• Auto loans: Enter your current balance, APR and monthly payment. The calculator will determine the total interest cost for the remaining life of the loan.
• Other loans: Enter your current balance, APR and monthly payment for up to two personal loans and one additional loan. If you include a mortgage loan, enter the note rate, not the APR. The calculator will determine the total interest cost for the remaining life of each loan.
• Total cost of interest: The total amount you would pay in interest over the life of the loan or debt.