5k Student Debt Calculator

How Long Will it Take to Pay Off $5,000 in Debt?
Try the loan payment calculator to calculate a monthly payment.
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Calculate how long it will take to pay off $5,000 in debt. This can be used for any type of debt, such as student loans, credit card debt, a mortgage, etc. What is the minimum payment needed to pay off 5k in debt? You will need to pay at least the interest. To pay off $5,000 in debt you will need to pay more than the amount listed below so that the loan balance will not grow over time.
Browse the payment table below to view minimum monthly payments to avoid debt from growing over time.
Interest Rate Minimum Payment
1% $4/month
2% $8/month
3% $13/month
4% $17/month
5% $21/month
Interest Rate Minimum Payment
6% $25/month
7% $29/month
8% $33/month
9% $38/month
10% $42/month
Browse the payment table below to view monthly payments based on pay off time and interest rate.
Years 2% 4% 6% 8% 10%
Pay off 5k in 1 Year 421.19 425.75 430.33 434.94 439.58
Pay off 5k in 2 Years 212.70 217.12 221.60 226.14 230.72
Pay off 5k in 3 Years 143.21 147.62 152.11 156.68 161.34
Pay off 5k in 4 Years 108.48 112.90 117.43 122.06 126.81
Pay off 5k in 5 Years 87.64 92.08 96.66 101.38 106.24
Pay off 5k in 6 Years 73.75 78.23 82.86 87.67 92.63
Pay off 5k in 7 Years 63.84 68.34 73.04 77.93 83.01
Pay off 5k in 8 Years 56.40 60.95 65.71 70.68 75.87
Pay off 5k in 9 Years 50.63 55.20 60.03 65.09 70.39
Pay off 5k in 10 Years 46.01 50.62 55.51 60.66 66.08
Pay off 5k in 11 Years 42.23 46.88 51.84 57.08 62.60
Pay off 5k in 12 Years 39.08 43.78 48.79 54.12 59.75
Pay off 5k in 13 Years 36.42 41.16 46.24 51.65 57.39
Pay off 5k in 14 Years 34.15 38.92 44.06 49.57 55.41
Pay off 5k in 15 Years 32.18 36.98 42.19 47.78 53.73
Years 2% 4% 6% 8% 10%
Pay off 5k in 16 Years 30.45 35.30 40.57 46.25 52.30
Pay off 5k in 17 Years 28.93 33.82 39.16 44.91 51.06
Pay off 5k in 18 Years 27.58 32.51 37.91 43.75 49.99
Pay off 5k in 19 Years 26.38 31.34 36.80 42.73 49.06
Pay off 5k in 20 Years 25.29 30.30 35.82 41.82 48.25
Pay off 5k in 21 Years 24.32 29.36 34.94 41.02 47.54
Pay off 5k in 22 Years 23.43 28.51 34.15 40.31 46.91
Pay off 5k in 23 Years 22.62 27.74 33.44 39.67 46.36
Pay off 5k in 24 Years 21.87 27.03 32.80 39.10 45.87
Pay off 5k in 25 Years 21.19 26.39 32.22 38.59 45.44
Pay off 5k in 26 Years 20.56 25.80 31.68 38.13 45.05
Pay off 5k in 27 Years 19.98 25.26 31.20 37.71 44.70
Pay off 5k in 28 Years 19.45 24.76 30.76 37.34 44.40
Pay off 5k in 29 Years 18.95 24.30 30.35 37.00 44.12
Pay off 5k in 30 Years 18.48 23.87 29.98 36.69 43.88