The honest numbers for a $10,000 credit card balance at 18% APR, by monthly payment. While you decide, the balance costs about $4.93 per day in interest.
| Monthly payment | Time to $0 | Total interest | Total paid |
|---|---|---|---|
| $250/mo | 5 years 2 months | $5,386 | $15,386 |
| $300/mo | 3 years 11 months | $3,967 | $13,967 |
| $350/mo | 3 years 2 months | $3,156 | $13,156 |
| $450/mo | 2 years 4 months | $2,256 | $12,256 |
| $500/mo | 2 years | $1,978 | $11,978 |
Assumes no new charges and a fixed APR. Estimates only — not financial advice.
Run your exact numbers in the free calculatorOr track it live with bank sync — your first card is free at paydown.proAbout $4.93 per day in interest — roughly $148 a month before you've paid for anything new.
Every dollar above the minimum goes entirely to the balance. Moving from $250/mo to $500/mo cuts the payoff from 5 years 2 months to 2 years and saves $3,408 in interest.