Credit Card Payoff Calculator
Estimate payoff time and total interest based on your balance, APR, and monthly payment (or target payoff date). A credit card payoff calculator estimates how long it will take to pay off a balance and how much interest you’ll pay. You can model either a fixed monthly payment or the payment needed to hit a target payoff timeline.
Inputs
$
%
$
Payoff estimate
Payoff time
34 months
Total interest$1,749.88
Payoff schedule
| Month | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
| 1 | $200.00 | $91.67 | $108.33 | $4,891.67 |
| 2 | $200.00 | $89.68 | $110.32 | $4,781.35 |
| 3 | $200.00 | $87.66 | $112.34 | $4,669.01 |
| 4 | $200.00 | $85.60 | $114.40 | $4,554.60 |
| 5 | $200.00 | $83.50 | $116.50 | $4,438.10 |
| 6 | $200.00 | $81.37 | $118.63 | $4,319.47 |
| 7 | $200.00 | $79.19 | $120.81 | $4,198.66 |
| 8 | $200.00 | $76.98 | $123.02 | $4,075.64 |
| 9 | $200.00 | $74.72 | $125.28 | $3,950.36 |
| 10 | $200.00 | $72.42 | $127.58 | $3,822.78 |
| 11 | $200.00 | $70.08 | $129.92 | $3,692.86 |
| 12 | $200.00 | $67.70 | $132.30 | $3,560.57 |
| 13 | $200.00 | $65.28 | $134.72 | $3,425.84 |
| 14 | $200.00 | $62.81 | $137.19 | $3,288.65 |
| 15 | $200.00 | $60.29 | $139.71 | $3,148.94 |
| 16 | $200.00 | $57.73 | $142.27 | $3,006.67 |
| 17 | $200.00 | $55.12 | $144.88 | $2,861.79 |
| 18 | $200.00 | $52.47 | $147.53 | $2,714.26 |
| 19 | $200.00 | $49.76 | $150.24 | $2,564.02 |
| 20 | $200.00 | $47.01 | $152.99 | $2,411.03 |
| 21 | $200.00 | $44.20 | $155.80 | $2,255.23 |
| 22 | $200.00 | $41.35 | $158.65 | $2,096.58 |
| 23 | $200.00 | $38.44 | $161.56 | $1,935.01 |
| 24 | $200.00 | $35.48 | $164.52 | $1,770.49 |
Show full schedule (34 rows)
| Month | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
| 1 | $200.00 | $91.67 | $108.33 | $4,891.67 |
| 2 | $200.00 | $89.68 | $110.32 | $4,781.35 |
| 3 | $200.00 | $87.66 | $112.34 | $4,669.01 |
| 4 | $200.00 | $85.60 | $114.40 | $4,554.60 |
| 5 | $200.00 | $83.50 | $116.50 | $4,438.10 |
| 6 | $200.00 | $81.37 | $118.63 | $4,319.47 |
| 7 | $200.00 | $79.19 | $120.81 | $4,198.66 |
| 8 | $200.00 | $76.98 | $123.02 | $4,075.64 |
| 9 | $200.00 | $74.72 | $125.28 | $3,950.36 |
| 10 | $200.00 | $72.42 | $127.58 | $3,822.78 |
| 11 | $200.00 | $70.08 | $129.92 | $3,692.86 |
| 12 | $200.00 | $67.70 | $132.30 | $3,560.57 |
| 13 | $200.00 | $65.28 | $134.72 | $3,425.84 |
| 14 | $200.00 | $62.81 | $137.19 | $3,288.65 |
| 15 | $200.00 | $60.29 | $139.71 | $3,148.94 |
| 16 | $200.00 | $57.73 | $142.27 | $3,006.67 |
| 17 | $200.00 | $55.12 | $144.88 | $2,861.79 |
| 18 | $200.00 | $52.47 | $147.53 | $2,714.26 |
| 19 | $200.00 | $49.76 | $150.24 | $2,564.02 |
| 20 | $200.00 | $47.01 | $152.99 | $2,411.03 |
| 21 | $200.00 | $44.20 | $155.80 | $2,255.23 |
| 22 | $200.00 | $41.35 | $158.65 | $2,096.58 |
| 23 | $200.00 | $38.44 | $161.56 | $1,935.01 |
| 24 | $200.00 | $35.48 | $164.52 | $1,770.49 |
| 25 | $200.00 | $32.46 | $167.54 | $1,602.95 |
| 26 | $200.00 | $29.39 | $170.61 | $1,432.34 |
| 27 | $200.00 | $26.26 | $173.74 | $1,258.60 |
| 28 | $200.00 | $23.07 | $176.93 | $1,081.67 |
| 29 | $200.00 | $19.83 | $180.17 | $901.50 |
| 30 | $200.00 | $16.53 | $183.47 | $718.03 |
| 31 | $200.00 | $13.16 | $186.84 | $531.19 |
| 32 | $200.00 | $9.74 | $190.26 | $340.93 |
| 33 | $200.00 | $6.25 | $193.75 | $147.18 |
| 34 | $149.88 | $2.70 | $147.18 | $0.00 |
How to use it
- Enter your balance and APR.
- Choose a mode: fixed monthly payment or target payoff months.
- Review payoff time, total interest, and the schedule.
- Try higher payments to see how interest drops.
Key formulas
- Monthly interest approximation
- Interest ≈ Balance × (APR/12)
- Actual card interest rules can vary by issuer and compounding.
FAQ
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Disclaimer
Estimate only. Credit card interest, fees, and minimum payment rules vary by issuer.