Payoff Calculator
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%
Choose how you'd like to calculate:
$

This calculator is just an educational tool and your results may vary depending on your situation.

Months to Pay Off:
0mo.
Monthly Payment:
$0.00
Total Interest Paid:
$0.00
Interest: $––
Principal: $––

This calculator is just an educational tool and your results may vary depending on your situation.

Here's what would happen if you adjusted the monthly payments:

How the calculator works

This calculator factors in a balance, interest rate (APR) and monthly payment amount to estimate a payoff period and the total interest paid.

Our Credit Card Payoff Calculator assumes the following:

  • Monthly payment is at least the Minimum Payment Due, which is calculated as the higher of $35 or 2% of the balance
  • Monthly payment is made at the beginning of the billing cycle
  • There are no other existing balances or new transactions made on the account
  • Interest compounds daily (and daily balance method is used)
  • There is a fixed APR
  • Payment stays consistent during entire pay-down period, even if the Minimum Payment Due decreases
  • Your interest charges will vary
  • For specific advice about your unique circumstances, you may wish to consult a qualified professional