Debt type
Typical for personal loans or a steady card payoff plan. Must exceed monthly interest to make progress.
Added on top of your loan payment or card minimum each month. Chart compares payoff paths with vs without this extra.
Payoff summary
With extra payment
35 mo (2.9 yr)
Total interest: $2,558
Total paid: $11,375
If extra were $0
50 mo (4.2 yr)
Total interest: $3,797
At these settings, your extra $75/mo pays off about 15 months sooner and saves roughly $1,239 in interest (modeled).
Balance over time
Green: with your extra payment. Gray: same inputs but extra set to $0 (up to 360 months shown).
Frequently asked questions
- How long will it take to pay off my credit card?
- It depends on balance, APR, minimum rules, and what you pay above the minimum. Use credit card mode with your issuer-style percent and floor, then add an extra payment to see how the timeline and interest change.
- Why are loan and credit card modes different?
- Loans usually assume a steadier required payment. Card minimums often shrink as the balance falls, which can slow payoff unless you pay a fixed amount or add extra each month.
- Does this include balance transfer or promo APR?
- No—one APR for the whole simulation. For 0% promos, model those months separately or adjust APR when the promo ends.
Related free tool: Subscription Cost Calculator — Add rows for each subscription, see monthly and annual totals, 3- and 5-year estimates, and a chart visualization of all your subscriptions.