The honest numbers for a $2,000 credit card balance at 25% APR, by monthly payment. While you decide, the balance costs about $1.37 per day in interest.
| Monthly payment | Time to $0 | Total interest | Total paid |
|---|---|---|---|
| $50/mo | 7 years 3 months | $2,345 | $4,345 |
| $100/mo | 2 years 3 months | $614 | $2,614 |
| $150/mo | 1 year 4 months | $368 | $2,368 |
| $250/mo | 9 months | $211 | $2,211 |
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 $1.37 per day in interest — roughly $41 a month before you've paid for anything new.
Every dollar above the minimum goes entirely to the balance. Moving from $50/mo to $250/mo cuts the payoff from 7 years 3 months to 9 months and saves $2,134 in interest.