Compare minimum payments against a steady extra payment, then see what monthly payment is needed to clear the card by your target month.
Card payoff plan
42 months
Interest saved $9,241.50 · Projected payoff month January 2030
Payoff inputs
Quick examples
Hit a target month
Monthly payment for target · Extra needed for target
Monthly payment for target
$285.52
Extra needed for target
$90.52
Target payoff months
36 months
Total paid
$10,278.82
Estimated first minimum payment
$195.00
First month total payment
$345.00
With extra payment
42 months
Interest saved
$9,241.50
Months saved
207 months
Projected payoff month
January 2030
Payoff scenarios
Compare minimum-only, your extra payment, double extra payment, and target-month payment side by side.
| Scenario | First payment | Months | Total interest | Savings |
|---|---|---|---|---|
| Minimum only | $195.00 | 249 months | $11,724.13 | $0.00 |
| Current extra payment | $345.00 | 42 months | $2,482.63 | $9,241.50 |
| Double extra payment | $495.00 | 23 months | $1,433.60 | $10,290.53 |
| Target-month payment | $285.52 | 36 months | $2,478.82 | $9,245.31 |
Before you rely on it
Early payoff schedule
| Month | Payment | Interest | Principal paid | Remaining balance |
|---|---|---|---|---|
| 1 | $345.00 | $122.85 | $222.15 | $7,577.85 |
| 2 | $339.45 | $119.35 | $220.10 | $7,357.75 |
| 3 | $333.94 | $115.88 | $218.06 | $7,139.70 |
| 4 | $328.49 | $112.45 | $216.04 | $6,923.65 |
| 5 | $323.09 | $109.05 | $214.04 | $6,709.61 |
| 6 | $317.74 | $105.68 | $212.06 | $6,497.55 |
| 7 | $312.44 | $102.34 | $210.10 | $6,287.44 |
| 8 | $307.19 | $99.03 | $208.16 | $6,079.28 |
| 9 | $301.98 | $95.75 | $206.23 | $5,873.05 |
| 10 | $296.83 | $92.50 | $204.33 | $5,668.73 |
| 11 | $291.72 | $89.28 | $202.44 | $5,466.29 |
| 12 | $286.66 | $86.09 | $200.56 | $5,265.73 |
| 42 | $86.74 | $1.34 | $85.40 | $0.00 |
Financial planning notice
This tool provides reference estimates only. Do not use it as the sole basis for lending, repayment, investment, tax, or contract decisions. Confirm the result with your lender, official documents, or a qualified professional before acting.
Save this result, compare previous runs, or share a report.
The calculator adds monthly interest to the balance, applies the minimum payment rule, then adds your extra monthly payment. It compares that plan against minimum-only payments under the same assumptions.
APR is the annual percentage rate. Use the purchase APR or revolving balance rate from your statement.
Minimum payments often shrink as the balance falls, so principal falls slowly and interest lasts longer.
It is the estimated target monthly payment minus the first minimum payment, useful for planning a repeatable extra amount.
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