The honest numbers for a $7,500 credit card balance at 25% APR, by monthly payment. While you decide, the balance costs about $5.14 per day in interest.
| Monthly payment | Time to $0 | Total interest | Total paid |
|---|---|---|---|
| $188/mo | 7 years 3 months | $8,717 | $16,217 |
| $238/mo | 4 years 4 months | $4,835 | $12,335 |
| $288/mo | 3 years 2 months | $3,424 | $10,924 |
| $376/mo | 2 years 3 months | $2,294 | $9,794 |
| $388/mo | 2 years 1 month | $2,197 | $9,697 |
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 $5.14 per day in interest — roughly $154 a month before you've paid for anything new.
Every dollar above the minimum goes entirely to the balance. Moving from $188/mo to $388/mo cuts the payoff from 7 years 3 months to 2 years 1 month and saves $6,519 in interest.