Credit Card Pay Off Calculator

Credit Card Payoff Calculator

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For more information about these these financial calculators please visit: Financial Calculators from KJE Computer Solutions, LLC

By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.

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*indicates required.

Credit card information:

Current balance:*This entry is required.Enter an amount between $0.00 and $1,000,000.00

Interest rate (APR):*This entry is required.Enter an amount between 0% and 30%

Payoff goal (in months):*This entry is required.Enter an amount between 1 and 120

Current monthly payment:*This entry is required.Enter an amount between $0.00 and $10,000.00

Additional monthly charges:*This entry is required.Enter an amount between $0.00 and $10,000.00

Annual fee:*This entry is required.Enter an amount between $0.00 and $200.00

Planned major purchases:

$0.00

**FIG_GRAPHTITLE** Line Graph: Please use the calculator's report to see detailed calculation results in tabular form.

Credit Card Payoff by Month

**FIG_GRAPHTITLE** Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.

Alternate Payoff Scenarios

Definitions

Current balance

Current outstanding balance on your credit card.

Interest rate (APR)

The annual interest rate being charged for this credit card.

Payoff goal (in months)

Your goal for paying off this credit card. This is the number of months by which you would like to have completely paid off this credit card balance.

Current monthly payment

The amount you are currently paying per month on this credit card. Please enter the amount you actually pay, not the minimum payment. This amount is used to calculate how long it will take you to pay off your balance.

Additional monthly charges

Total new charges you expect to put on this credit card per month.

Annual fee

Your annual fee for this credit card, if any.

Major purchase

If you expect a major purchase beyond your normal charges, enter the amount to be spent here.

Months before purchase

Number of months before your major purchase will occur.

Use this calculator to see an estimate of how long it will take you to payoff your credit card at your current interest rate and monthly payment. Find out how much sooner you could payoff your debt with a lower rate or higher monthly payments! Check out our credit cards for personal or business use - we can help you achieve your repayment goals!

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These calculators are made available to you as informational and educational tools for your independent use and are not intended to provide financial or investment advice. These calculators are not offers, representations or warranties and do not describe any particular products or services. Results depend on many factors, including the information you provide and we do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. You should not take any action on the basis of the information provided through these calculators. These calculators are not investment, legal, accounting or tax advice. Please consult with your financial, investment, tax and/or legal advisors for advice regarding your personal circumstances.