The honest numbers for a $15,000 credit card balance at 18% APR, by monthly payment. While you decide, the balance costs about $7.40 per day in interest.
| Monthly payment | Time to $0 | Total interest | Total paid |
|---|---|---|---|
| $375/mo | 5 years 2 months | $8,079 | $23,079 |
| $425/mo | 4 years 3 months | $6,517 | $21,517 |
| $475/mo | 3 years 8 months | $5,478 | $20,478 |
| $575/mo | 2 years 10 months | $4,173 | $19,173 |
| $750/mo | 2 years | $2,967 | $17,967 |
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 $7.40 per day in interest — roughly $222 a month before you've paid for anything new.
Every dollar above the minimum goes entirely to the balance. Moving from $375/mo to $750/mo cuts the payoff from 5 years 2 months to 2 years and saves $5,112 in interest.