The honest numbers for a $3,000 credit card balance at 25% APR, by monthly payment. While you decide, the balance costs about $2.05 per day in interest.
| Monthly payment | Time to $0 | Total interest | Total paid |
|---|---|---|---|
| $75/mo | 7 years 3 months | $3,517 | $6,517 |
| $125/mo | 2 years 10 months | $1,202 | $4,202 |
| $150/mo | 2 years 3 months | $921 | $3,921 |
| $175/mo | 1 year 10 months | $750 | $3,750 |
| $275/mo | 1 year 1 month | $439 | $3,439 |
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 $2.05 per day in interest — roughly $62 a month before you've paid for anything new.
Every dollar above the minimum goes entirely to the balance. Moving from $75/mo to $275/mo cuts the payoff from 7 years 3 months to 1 year 1 month and saves $3,078 in interest.