The honest numbers for a $15,000 credit card balance at 25% APR, by monthly payment. While you decide, the balance costs about $10.27 per day in interest.
| Monthly payment | Time to $0 | Total interest | Total paid |
|---|---|---|---|
| $375/mo | 7 years 3 months | $17,587 | $32,587 |
| $425/mo | 5 years 5 months | $12,397 | $27,397 |
| $475/mo | 4 years 5 months | $9,710 | $24,710 |
| $575/mo | 3 years 3 months | $6,867 | $21,867 |
| $750/mo | 2 years 3 months | $4,606 | $19,606 |
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 $10.27 per day in interest — roughly $308 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 7 years 3 months to 2 years 3 months and saves $12,981 in interest.