Debt payoff calculator

Enter your debts and see when each one clears, what they cost in total, and which order pays them off fastest. It compares the two standard methods side by side — highest rate first, and smallest balance first — and shows the difference in both money and months.

What it does

It runs your balances and instalments forward month by month, adding any extra amount you specify to one debt at a time, and rolling each cleared instalment onto the next debt. It handles conventional and Islamic financing separately, which most payoff calculators do not.

How to read the result

If the two methods come out the same, they are the same. With a small number of debts they often produce an identical order. The calculator says so plainly, and then the choice is whichever you will actually stick to.
On a murabaha, paying early may save you nothing. The price is fixed at the start of the contract, so early settlement shortens the term without reducing the amount — unless the bank grants a rebate, which is at its discretion and not something you are owed. Enter a rebate only if the bank has confirmed it in writing.
It does not count late fees or compensation charges, and it assumes you do not borrow again while paying down.

This is a calculator, not financial advice. Nothing you enter is saved.