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Credit Card Payoff Calculator — Payment, Months & Interest

Editable live calculator

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No hidden assumptions. Inputs, units and the working stay visible so you can check the calculation.

Current card balance Use the balance you want the model to amortize.APR (%) Enter the annual percentage rate used for this scenario.Solve by Fixed monthly payment Keep this constant for the modeled schedule.Recurring new charges per month Use 0 when the payoff plan assumes no further card spending.Annual card fee Modeled evenly across 12 months for transparency.

Calculated result

25 months · 250 / month

Total modeled interest: 1,133.03

Total modeled payments: 6,133.03

Modeled recurring charges + allocated fees: 0

Payoff schedule (first 12 months plus payoff month)

Month	Start balance	Interest	Payment	End balance
1	5,000	83.33	250	4,833.33
2	4,833.33	80.56	250	4,663.89
3	4,663.89	77.73	250	4,491.62
4	4,491.62	74.86	250	4,316.48
5	4,316.48	71.94	250	4,138.42
6	4,138.42	68.97	250	3,957.4
7	3,957.4	65.96	250	3,773.35
8	3,773.35	62.89	250	3,586.24
9	3,586.24	59.77	250	3,396.01
10	3,396.01	56.6	250	3,202.61
11	3,202.61	53.38	250	3,005.99
12	3,005.99	50.1	250	2,806.09
25	130.85	2.18	133.03	0

Show the working

1. Monthly rate = 20% ÷ 12 = 1.66667%.
2. Apply 250 each month after modeled interest, charges and allocated fee.
3. Modeled balance reaches zero in month 25.

Monthly compounding and fee allocation are transparent approximations. Issuers can use daily balances, different fee dates, changing APRs and minimum-payment rules.

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