Minimum Payment Calculator
Find out the true cost of making only minimum payments on your credit card. See how many years it takes to become debt-free and how much total interest you will pay.
Inputs
$
%
%
$
Results
Time to Pay Off
80.7 years
Total Interest Paid
$43,419
Total Amount Paid
$48,419
Months to Pay Off
968
Balance Over Time
Principal vs Interest Paid
Payment Schedule
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $100.00 | $8.33 | $91.67 | $4,991.67 |
| 12 | $98.18 | $8.18 | $90.00 | $4,900.91 |
| 24 | $96.24 | $8.02 | $88.22 | $4,803.79 |
| 36 | $94.33 | $7.86 | $86.47 | $4,708.59 |
| 48 | $92.46 | $7.70 | $84.75 | $4,615.27 |
| 60 | $90.63 | $7.55 | $83.07 | $4,523.81 |
| 72 | $88.83 | $7.40 | $81.43 | $4,434.16 |
| 84 | $87.07 | $7.26 | $79.81 | $4,346.28 |
| 96 | $85.35 | $7.11 | $78.23 | $4,260.15 |
| 108 | $83.65 | $6.97 | $76.68 | $4,175.72 |
| 120 | $82.00 | $6.83 | $75.16 | $4,092.97 |
| 132 | $80.37 | $6.70 | $73.67 | $4,011.86 |
Last updated: Reviewed by the CalcMountain editorial team
Frequently Asked Questions
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