Debt calculator
Credit Card Payoff Calculator
Estimate credit card payoff time, total interest and the effect of an extra monthly payment.
Estimate credit card payoff time, total interest and the effect of an extra monthly payment.
The payoff estimate assumes no new charges or fees and a constant APR and monthly payment.
A visual summary that updates with your calculation.
The calculator applies monthly interest, subtracts the entered payment and repeats until the balance reaches zero.
A payment that does not exceed monthly interest cannot reduce the balance in this simplified model.
Real cards can use daily compounding, variable APRs, fees and changing minimum payments.