Plan debt reduction with a smart credit card payment tool that computes monthly dues interest totals payoff dates and amortization tables with export features interactive chart and example data all presented in a clean white interface ideal for learners developers and financial bloggers. Supports CSV and PDF downloads works offline mobile friendly accessible and
Assumes fixed APR with interest accrued monthly on the statement balance and a fixed payment plan in the chosen mode.
Run the calculator to see payoff time, total interest, and schedule.
Monthly rate: r = APR / 12 / 100
Payment for a target term (PMT): P = r × B / (1 - (1 + r)-n)
Months for a chosen payment: n = - ln(1 - r × B / P) / ln(1 + r)
Amortization each month: interest = balance × r, principal = payment - interest, new balance = balance - principal.
Where B is starting balance, n is months, P is monthly payment, and r is the monthly interest rate.
| Month | Payment ($) | Interest ($) | Principal ($) | Balance ($) |
|---|
Important Note: All the Calculators listed in this site are for educational purpose only and we do not guarentee the accuracy of results. Please do consult with other sources as well.