Debt calculator

Credit Card Payoff Calculator

Enter your balance, APR, monthly payment, and any extra payment to estimate your payoff timeline, total interest, and payoff month.

Key takeaway: If your payment barely covers interest, the balance can hang around for years. A small extra payment often does more than it looks like.
Payoff timeline
21 months

Estimated payoff: Apr 2028

Estimated interest
$1,022
Total paid
$6,022
Monthly payment used
$300
View payoff scheduleSee how interest, payment, and remaining balance change month by month.Show
MonthStarting balanceInterestPaymentEnding balance
1$5,000.00$91.67$300.00$4,791.67
2$4,791.67$87.85$300.00$4,579.52
3$4,579.52$83.96$300.00$4,363.48
4$4,363.48$80.00$300.00$4,143.48
5$4,143.48$75.96$300.00$3,919.44
6$3,919.44$71.86$300.00$3,691.30
7$3,691.30$67.67$300.00$3,458.97
8$3,458.97$63.41$300.00$3,222.38
9$3,222.38$59.08$300.00$2,981.46
10$2,981.46$54.66$300.00$2,736.12
11$2,736.12$50.16$300.00$2,486.28
12$2,486.28$45.58$300.00$2,231.86
… middle months hidden for readability …
21$21.22$0.39$21.61$0.00

How this estimate works

  • The calculator applies monthly interest based on APR divided by 12.
  • It subtracts your regular payment plus any extra payment each month until the balance reaches zero.
  • The payoff date is estimated from the number of simulated months.
  • Warnings appear when the payment does not cover estimated monthly interest or the payoff timeline is unusually long.
These results are estimates for educational purposes only. They are not financial, legal, tax, or credit counseling advice. Actual payoff dates, interest charges, fees, and payment requirements may vary.

Common questions

Why is my payoff time so long?

High APR and low monthly payments can cause most of the payment to go toward interest early in the payoff plan.

Does this include new purchases?

No. This estimate assumes you stop adding new charges to the balance.

How can I pay the card off faster?

Pay more than the minimum, lower the APR if possible, and avoid adding new charges while paying down the balance.