Credit Card Payoff Calculator
Worked example result
| Months to pay off | 12 |
| Years to pay off | 1.0 |
| Total interest paid | $127.03 |
| Total paid (balance + interest) | $1,127.03 |
A $1,000 balance at 24% APR with $100 monthly payments clears in 12 months and costs $127.03 of interest.
Each month: Interest = Balance × APR/12; Balance = Balance + Interest − Payment, until Balance = 0 · Powered by CalcHub — Credit Card Payoff Calculator