Credit Card Payoff Calculator
See how long it takes to pay off your credit card and how much interest you'll pay. Compare different payment strategies.
Inputs
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%
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Summary
Time to Payoff
2 yrs 10 mo
Total Interest$1,749.88
Total Amount Paid$6,749.88
Months34
Yearly Principal vs Interest
Total Cost Breakdown
Payoff Schedule
34 rows| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $200 | $108.33 | $91.67 | $4,891.67 |
| 2 | $200 | $110.32 | $89.68 | $4,781.35 |
| 3 | $200 | $112.34 | $87.66 | $4,669.01 |
| 4 | $200 | $114.4 | $85.6 | $4,554.6 |
| 5 | $200 | $116.5 | $83.5 | $4,438.1 |
| 6 | $200 | $118.63 | $81.37 | $4,319.47 |
| 7 | $200 | $120.81 | $79.19 | $4,198.66 |
| 8 | $200 | $123.02 | $76.98 | $4,075.64 |
| 9 | $200 | $125.28 | $74.72 | $3,950.36 |
| 10 | $200 | $127.58 | $72.42 | $3,822.78 |
| 11 | $200 | $129.92 | $70.08 | $3,692.86 |
| 12 | $200 | $132.3 | $67.7 | $3,560.57 |
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