Credit Card Payoff Calculator
Key in your information to the respective fields given below: Credit Card Balance, Interest Rate (%), Months to Payoff and then click Calculate.
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Credit Card Payoff Calculator - Glossary:
Using our credit card payoff calculator, can help to estimate Monthly Payment, Total Interest Paid and Total Payments.
Credit Card Balance
Credit card account outstanding balance for a given period. This calculator is designed to give users an estimate - interest they will end up paying if they choose to pay the outstanding balance for longer period.
Interest Rate
Agreed Interest rate under the terms of card agreement.
Months to Payoff
Agreed - Length of repayment.
Monthly Payment
Amortized fixed monthly payment consists of principal and interest.
Total Principal Paid
Amount paid towards repayment of credit card outstanding balance.
Total Interest Paid
Amount paid towards repayment of credit card outstanding balance.
Total Payments
Total of interest and principal paid towards the repayment of the card outstanding balance.