Budget Planner

I believe Excel has formulas for that kind of equation...but you need to factor in interest rates, etc.....

Have you looked on the Dave Ramsay website? He's got lots of tools and calculators there.

Here's one I found:
http://cgi.money.cnn.com/tools/debtplanner/debtplanner.jsp

According to this calculator (for example) it will take 5 years to pay off 100K at 18% with a monthly payment of $2500. You will pay $50,108!!!

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Just go to Goodsearch, plug in loan calculator, or budget calculator. I'm sure you'll find one you can use.

You can always get a ballpark figure (minus the interest) with a regular calculator. If you have 10K in debt, and you can pay 500. a month, it will take you 20 months, plus probably another 4 months to pay off the interest.

Also, if you're talking about any credit card debt, look at your statement. It will include information on how long it will take you to pay off the balance if you pay only the minimum, as well as show you how you can pay a little more each month to save on interest and get it paid off sooner.

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I would suggest Dave Ramsey's Total Money Makeover or a Financial Peace Class, like so many mama's on here. HARD WORK but no regrets & lots of resources to help. If getting out of debt was easy then everyone would be debt free! : ) We are working our way out of 80K lots of sacrifices but I don't regret it one day!

As far as budgeting software, I have had great luck with Ace Budget Apps. For using & managing cash for expenses I use Ace Budget. For tracking our debt snowball/payoff I use Debt Payoff Pro, both can be found here:
http://www.svtsoftware.com/debt_payoff

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you can also call your credit card/loan companies to assist you...

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If you use financial software (like Mint or Quicken) there is a utility built in that does this for you. Assuming you're not at that point yet, this site may help:

http://cgi.money.cnn.com/tools/debtplanner/debtplanner.jsp

It's simple, but not as simple as your example because you have to factor in the interest rates for all of your debt.

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I don't know if your going to find anything like that, because your income doesn't factor into the formula.

There are all types of calculators that will tell you if you have 100,000 in debt at X% interest, and want to pay it off in X amount of months, what your monthly payment would be. Here's one that you can use
http://money.msn.com/home-loans/mortgage-calculator.aspx
Just keep changing the # of months.

If it's credit card debt your looking at. Take a look at your statement for a good idea.

I know a wonderful financial planner who can help you answer your questions. She can do an initial consultation that may answer more questions than an online site.

Financial Planning
Portia Carmichael CFP
###-###-####
____@____.com

I know discover has something like this. You could also do a google search for amortization tables and be able to set up a pretty easy excel spreadsheet.

John Cumato (sp?) has a good plan..for more info, private message me.