Debt Payoff Planner

$3,000 Credit Card
Payoff Calculator

At 18% APR — see how long it takes and how much interest you'll pay.

Monthly interest on $3,000 at 18% APR
$45.00/month
Minimum payment (~2%): $60.00 · Minimum-only path: 268 months · $6,328 total interest
Current Balance ($)
$
Annual APR (%)
%
Monthly Payment ($)
$
Debt-Free In
— months
Estimated payoff date
Total Paid
—
all payments
Total Interest
—
cost of debt
Monthly Interest
$45.00
first month
Min. Payment
$60.00
~2% balance
Min-Only Interest
$6,328
if min only
Interest Saved
—
vs min payment

Payoff Scenarios — $3,000 at 18% APR

How long you take to pay off $3,000 depends entirely on your monthly payment. Every dollar above the interest charge reduces your balance:

Monthly PaymentPayoff TimeTotal InterestTotal Paid
$90/mo 47 months (3.9 yr) $1,189 $4,189
$120/mo 32 months (2.7 yr) $787 $3,787
$150/mo 24 months (2 yr) $591 $3,591
$240/mo 14 months (1.2 yr) $344 $3,344
$60/mo (min only) 268 months (22.3 yr) $6,328 $9,328

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

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