Credit Card Payoff Calculator
Compare payoff strategies and see how much you can save by paying more than the minimum.
Card Details
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%
%
Most cards use 1-3% (min $25)
Payoff Strategy
Minimum Payments Only
Monthly Payment
$100.00
Months to Payoff
600
50y 0m
Total Interest
$45,140.38
Total Amount Paid$47,123.49
Strategy Comparison
| Strategy | Monthly Payment | Months | Total Interest | Total Paid |
|---|---|---|---|---|
| Minimum Payments | $100.00decreasing | 600 | $45,140.38 | $47,123.49 |
| Fixed $200.00/mo | $200.00 | 35 | $1,871.08 | $6,871.08 |
| 24-Month Payoff | $261.84 | 25 | $1,284.21 | $6,284.21 |
Fixed payment saves vs minimum$43,269.30
Target date saves vs minimum$43,856.17
Month-by-Month Payoff Schedule
Click "Show Schedule" to see a detailed month-by-month breakdown of payments, principal, interest, and remaining balance.