Debt Payoff Planner

$500 Credit Card
Payoff Calculator

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

Monthly interest on $500 at 18% APR
$7.50/month
Minimum payment (~2%): $25.00 · Minimum-only path: 24 months · $99 total interest
Current Balance ($)
$
Annual APR (%)
%
Monthly Payment ($)
$
Debt-Free In
— months
Estimated payoff date
Total Paid
—
all payments
Total Interest
—
cost of debt
Monthly Interest
$7.50
first month
Min. Payment
$25.00
~2% balance
Min-Only Interest
$99
if min only
Interest Saved
—
vs min payment

Payoff Scenarios — $500 at 18% APR

How long you take to pay off $500 depends entirely on your monthly payment. Every dollar above the interest charge reduces your balance:

Monthly PaymentPayoff TimeTotal InterestTotal Paid
$15/mo 47 months (3.9 yr) $198 $698
$20/mo 32 months (2.7 yr) $131 $631
$25/mo 24 months (2 yr) $99 $599
$38/mo 15 months (1.3 yr) $61 $561
$40/mo 14 months (1.2 yr) $57 $557
$25/mo (min only) 24 months (2 yr) $99 $599

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

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