Credit Card Payoff Calculator

It is important to look at a few factors when you have multiple debts in credit cards or loans and are trying to agree with yourself on which to pay off first. The results of this calculator can in some ways be used to inform your strategy so that you pay less overall interest and can pay off your debts faster. Pay down the debt with the highest interest rate or pay the debt that is closest to your credit max, so you can save the most money in the long run. Your credit score will increase and some of your debt will be relieved by both of these options. See if if you can get a lower interest rate and if you can pay more than the minimum payment.

Credit Card Payoff Calculator

To see how much interest you will pay and how long it will take you to pay off your balance, just enter your card issuer, current balance, monthly payment and APR in your use of this Credit Card Payoff Calculator below. The difference in total compound interest charges between the lower promotional balance transfer APR net of transfer fees and the higher APR cards you entered are what savings shown in the results are based on. Your actual savings may be different, based on your purchase and payment activity, and other fees as well.

Payoff Calculator

Credit Card Balance

Credit Card Interest Rate

Payment per month

Your Results

Total Interest Paid

$0

Total Principal Paid

$0

Total Amount Paid

0

Months To Pay Off

0

Your Results

Total Interest Paid

Total Principal Paid

Total Amount Paid

Months To Pay Off

Months to become debt free

Disclaimer: The accuracy and applicability to your personal financial circumstances of this debt payoff calculator are not guaranteed or warranted. It is strictly for general informational and educational purposes that this credit card payoff calculator is intended.

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