Pay Off Debt or Save Calculator

Icon of Credit Card for Pay Off Debt or Save Calculator

How to use the calculator:

• Enter dollar figures without dollar signs or commas, so enter $16,000 simply as 16000

• Enter percentages in decimal form without percent signs, so enter 8 1/2% as 8.5

Should I pay debt or save?

Calculator Disclaimer
The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results.This calculator is not a guarantee that credit will be granted.

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Interest I'd save in one year by paying off debt:
Yield I'd earn in one year on savings after taxes: