Note: This interactive calculator is intended as an educational tool but not as investment advice. The information presented isn’t designed to advise you of strategies which are applicable to your specific situation but rather to highlight issues for your consideration. Therefore, you should always consult your financial or tax advisor. Your own goals will help you to develop a specific financial strategy.
To embed this calculator into your site, copy the following text and paste it into your HTML page:
Enter a valid value for the total amount of debt on your card
Enter a valid value for the interest rate you pay on this card
Enter a valid value for either the monthly payment amount or the desired number of months to pay off your card
Recalculate
Paying %PAYMENT% per month, you'll pay off your credit card in %MONTHS% months.
If you want to pay off your card in %MONTHS% months, your monthly payments should be %PAYMENT%.
A payment of %PAYMENT% per month is insufficient to pay off this debt. You must increase your payment amount.
Loan Payment Allocation
Total Interest Paid
Total Principle Paid
