💳 Debt Payoff
Credit Card Payoff Calculator
Credit card interest is designed to trap you in debt. Use this calculator to see how long it will actually take to pay off your balance, and how much interest the bank is making off you.
Time to Payoff
0 Months
Based on your fixed monthly payment.
Total Interest Paid
$0
Total Amount Paid
$0
Insight loads here.
Balance Burn Down
How We Calculate This
This calculator simulates paying your credit card off using accurate monthly amortization, which mirrors exactly how your bank calculates your interest charges.
Monthly Interest FormulaCharge = Balance × (APR ÷ 12)
New Balance FormulaNew Bal = (Old Bal + Interest Charge) - Your Payment
Note: If you use the "I Know My Payment" mode, and your payment is less than the Monthly Interest Charge, the calculator will warn you that your balance is growing infinitely.
