Debt Payoff Calculator
Credit card interest is the most expensive money most people ever borrow. This shows you exactly how long your balance takes to clear, what the interest costs, and how much a little extra each month changes the math.
How long until this debt is gone?
And what is it costing you to get there? Credit card APRs are brutal — see the damage.
Debt-free in
3 yr 8 mo
by Feb 2030
Interest you'll pay
$2,791
$8,791 paid in total
32% of what you pay is pure interest
Paying $300/mo instead clears it in 2 yr 2 mo — that's 1 yr 6 mo sooner and saves you $1,248 in interest.
How this works
Each month, interest is charged on your remaining balance at one-twelfth of the APR. Your payment covers that interest first; whatever's left chips away at the principal. Early on, most of your payment is just interest — which is why high-APR debt feels like running in place.
The single biggest lever is paying more than the minimum. Because interest compounds on the balance, every extra dollar today removes interest you'd otherwise pay for months or years. Drag the extra-payment slider and watch the payoff date and total interest drop.
If your payment is smaller than the monthly interest, the balance grows no matter how long you pay — the calculator flags that case so you know the real minimum.
// Estimate only. Not financial advice. Assumes a fixed APR and a fixed payment; real cards add fees and variable rates.