Credit Card Payoff Calculator

About Credit Card Payoff Calculator

Use our simple app to help you get out of credit card debt. Credit Card Payoff can help you define your payoff goals, calculate the monthly payments you need to make, savings in interest payments. Find out how you can get out of credit card debt by putting in a few crucial details into this credit card payoff calculator.

Information Needed to help calculate your credit card payoff
- Credit Card debt owed
- Interest rate on the debt
- Amount of months you want to use to pay off this credit card debt

With this 3 pieces of information, our calculator can help you find out the monthly payments needed to get debt free.

KEY FEATURES

1. Calculate new monthly payment, saving in interest, and reduction in time, given a payoff goal in months.

2. Payment schedule charts for both new monthly payment and current monthly payment, which show the principal, interest, monthly charges and remaining balance after each monthly payment is made. Have a simple chart to visualize how much you save by making larger payments towards your credit card debt each month.

3. Various graphs show new monthly payment plan vs. the current situation, cumulative interest over payment, and different payoff scenarios to help you analyze your payoff goal.

By having these simple charts, you can work out different payment scenarios and see which payment plan works best for you when you are trying to pay off your credit cards.