Credit & Cards · Payoff
The balance, and the interest it really costs.
Minimum payments are designed to keep you paying. Enter your balance, APR, and what you actually pay each month to see the true timeline — and the interest on top.
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Inputs
Receipts
Time to pay off
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Total interest
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Total paid
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How this is calculated
monthly_rate = APR / 12- Each month:
interest = balance × monthly_rate, thenbalance += interest − payment - If
payment ≤ first month's interest, the balance never clears.
Read me
- Assumes a fixed APR and a fixed monthly payment with no new spending on the card.
- Educational estimate, not financial advice. Your statement's exact method may differ slightly.
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