The honest numbers for a $15,000 credit card balance at 22% APR, by monthly payment. While you decide, the balance costs about $9.04 per day in interest.
| Monthly payment | Time to $0 | Total interest | Total paid |
|---|---|---|---|
| $375/mo | 6 years 1 month | $12,284 | $27,284 |
| $425/mo | 4 years 10 months | $9,364 | $24,364 |
| $475/mo | 4 years | $7,617 | $22,617 |
| $575/mo | 3 years | $5,592 | $20,592 |
| $750/mo | 2 years 2 months | $3,857 | $18,857 |
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 $9.04 per day in interest — roughly $271 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 6 years 1 month to 2 years 2 months and saves $8,426 in interest.