Credit Card Payoff Calculator
Simulate paying off a credit card month by month, including new purchases, to see the payoff date and total interest.
Example values are shown — change any of them and the answer updates live.
$
%
$
NowPayoff time
Payoff time
2 years 8 months
32 months
At $200 per month this card is paid off in 32 months.
Balance$5,000
Total interest$1,314
Total paid$6,314
P&I only — taxes, insurance and fees are not included. Numbers are estimates, not offers.
Compare scenarios
$200 / month
32months
Total interest: $1,314
$300 / month
20months
Total interest: $797
Time saved
12 months
Interest saved
$517
How payoff time is computed
Step 1 · Months to payoff
n = ln(P / (P − B·r)) ÷ ln(1+r)
B=5,000, P=200, r=0.015
32 months
Step 2 · Interest over the payoff period
interest = payments − balance
6,314 − 5,000
$1,314
Estimates under the stated assumptions, for illustration — not financial advice.