The honest numbers for a $10,000 credit card balance at 25% APR, by monthly payment. While you decide, the balance costs about $6.85 per day in interest.
| Monthly payment | Time to $0 | Total interest | Total paid |
|---|---|---|---|
| $250/mo | 7 years 3 months | $11,725 | $21,725 |
| $300/mo | 4 years 10 months | $7,251 | $17,251 |
| $350/mo | 3 years 8 months | $5,353 | $15,353 |
| $450/mo | 2 years 7 months | $3,568 | $13,568 |
| $500/mo | 2 years 3 months | $3,071 | $13,071 |
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 $6.85 per day in interest — roughly $205 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 7 years 3 months to 2 years 3 months and saves $8,654 in interest.