The True Cost of Debt Calculator
See exactly how much your debt costs in total interest, how long minimum payments drag on, and the dramatic savings from doubling up. Eye-opening math shown.
“Paying the minimum on a $5,000 credit card at 24% APR takes 22 years and costs $8,000 in interest.”
This is how the math works. Now here's how to beat it.
Debt Type
Debt Details
Monthly Interest Charge
$100
accruing right now
Daily Interest Charge
$3.29
while you sleep
Payment Scenarios
Minimum payment only
Monthly Payment
$100
Payoff Time
Never
Total Interest
Never
Total Paid
Never
Double minimum
Best moveMonthly Payment
$200
Payoff Time
3 yr
Total Interest
$2,200
Total Paid
$7,200
Saves Never in interest · 11952 months faster
+$50/month
Monthly Payment
$150
Payoff Time
4 yr 8 mo
Total Interest
$3,400
Total Paid
$8,400
Saves Never in interest · 11932 months faster
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