Debt Payoff Planner

$1,000 Credit Card
Payoff Calculator

At 29% APR — see how long it takes and how much interest you'll pay.

Monthly interest on $1,000 at 29% APR
$24.17/month
Minimum payment (~2%): $25.00 · Minimum-only path: 143 months · $2,561 total interest
Current Balance ($)
$
Annual APR (%)
%
Monthly Payment ($)
$
Debt-Free In
— months
Estimated payoff date
Total Paid
—
all payments
Total Interest
—
cost of debt
Monthly Interest
$24.17
first month
Min. Payment
$25.00
~2% balance
Min-Only Interest
$2,561
if min only
Interest Saved
—
vs min payment

Payoff Scenarios — $1,000 at 29% APR

How long you take to pay off $1,000 depends entirely on your monthly payment. Every dollar above the interest charge reduces your balance:

Monthly PaymentPayoff TimeTotal InterestTotal Paid
$30/mo 69 months (5.8 yr) $1,057 $2,057
$38/mo 43 months (3.6 yr) $608 $1,608
$40/mo 39 months (3.3 yr) $552 $1,552
$50/mo 28 months (2.3 yr) $382 $1,382
$80/mo 16 months (1.3 yr) $205 $1,205
$25/mo (min only) 143 months (11.9 yr) $2,561 $3,561

★ The minimum payment row shows the devastating cost of paying only 2% of balance each month.

Compare Other Balances at 29% APR
$500 $2,000 $3,000 $5,000 $7,500 $8,500 $10,000 $15,000 $20,000 $25,000 $30,000 $1,000 at 18% $1,000 at 20% $1,000 at 22% $1,000 at 24% $1,000 at 26% Full Credit Card Calculator
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