Credit Card Payoff Calculator
Enter your credit card balance, interest rate, and monthly payment to see how long it will take to become debt-free. See how extra payments can save you thousands in interest and months of payments.
Inputs
$
%
$
$
Additional amount beyond your minimum payment
Results
Time to Pay Off
3y 1mo
Total Interest
$3,083.27
Interest Saved
$3,468.00
3 years faster
Total Amount Paid
$11,083.27
Balance Over Time
Minimum Only vs With Extra Payments
Payment Schedule
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $300.00 | $153.33 | $146.67 | $7,846.67 |
| 2 | $300.00 | $156.14 | $143.86 | $7,690.52 |
| 3 | $300.00 | $159.01 | $140.99 | $7,531.52 |
| 4 | $300.00 | $161.92 | $138.08 | $7,369.59 |
| 5 | $300.00 | $164.89 | $135.11 | $7,204.70 |
| 6 | $300.00 | $167.91 | $132.09 | $7,036.79 |
| 7 | $300.00 | $170.99 | $129.01 | $6,865.80 |
| 8 | $300.00 | $174.13 | $125.87 | $6,691.67 |
| 9 | $300.00 | $177.32 | $122.68 | $6,514.35 |
| 10 | $300.00 | $180.57 | $119.43 | $6,333.78 |
| 11 | $300.00 | $183.88 | $116.12 | $6,149.90 |
| 12 | $300.00 | $187.25 | $112.75 | $5,962.65 |