Debt Payoff Planner

$8,500 Credit Card
Payoff Calculator

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

Monthly interest on $8,500 at 18% APR
$127.50/month
Minimum payment (~2%): $170.00 · Minimum-only path: 476 months · $22,828 total interest
Current Balance ($)
$
Annual APR (%)
%
Monthly Payment ($)
$
Debt-Free In
— months
Estimated payoff date
Total Paid
—
all payments
Total Interest
—
cost of debt
Monthly Interest
$127.50
first month
Min. Payment
$170.00
~2% balance
Min-Only Interest
$22,828
if min only
Interest Saved
—
vs min payment

Payoff Scenarios — $8,500 at 18% APR

How long you take to pay off $8,500 depends entirely on your monthly payment. Every dollar above the interest charge reduces your balance:

Monthly PaymentPayoff TimeTotal InterestTotal Paid
$255/mo 47 months (3.9 yr) $3,370 $11,870
$340/mo 32 months (2.7 yr) $2,231 $10,731
$425/mo 24 months (2 yr) $1,676 $10,176
$680/mo 14 months (1.2 yr) $974 $9,474
$170/mo (min only) 476 months (39.7 yr) $22,828 $31,328

★ 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 $3,000 $5,000 $7,500 $10,000 $15,000 $20,000 $25,000 $30,000 $8,500 at 20% $8,500 at 22% $8,500 at 24% $8,500 at 26% $8,500 at 29% Full Credit Card Calculator
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