Enter each of your debts along with their current balance, minimum monthly payment (please don’t include additional principal payments) and the loan interest rate. Once you’ve entered all of your loans, click the "Calculate My Effective Interest Cost" button at the bottom of the page.


Debts Name Balance Interest Rate Payment Monthly Interest $ Effective Interest Cost %
Medical Debt Kelly MacDonald $5,000 5% $100 $20 20.83%
Calculate My Effective Interest Cost