Credit Card Payoff Calculator
Compare minimum payments with a fixed repayment plan.
How this calculator works
Monthly interest = (opening balance + new charges) × APR / 12. Minimum payment = max(percentage of balance, minimum floor), capped by amount due.
Calculation assumptions
A nominal monthly rate is used, not daily average balance, compounding grace periods or card-provider minimum-payment rules.
Example
At 20% APR, a $5,000 balance with no new purchases accrues about $83.33 interest during the first modeled month.
For planning only. Not financial advice or a lender quote.
Frequently asked questions
Are my financial numbers stored or sent to your server?
No. Inputs remain in browser memory. Only language, currency, theme and recently used calculator IDs may be saved on this device. Exports are created locally.
Why can a lender’s quote differ?
Our calculations use the assumptions shown here. A lender may apply different dates, daily interest, fees, taxes, insurance or rounding.
Can I select a different currency?
Yes. Currency selection changes only the symbols and number formatting; no exchange-rate conversion occurs.