Repayment planner
Enter your current balance, APR, and the fixed monthly payment you plan to make. This page estimates how many months it may take to pay off the balance and how much interest you could pay in total, using a simplified equal-payment model. Real statements can differ (fees, variable APR, minimum-payment rules, daily compounding).
Each month uses APR ÷ 12 on the remaining balance. Principal equals payment minus interest, capped so the balance does not go negative.
Daily balance methods, fees, promotional APR windows, minimum-payment rules, and grace periods are not modeled here.
If the first month’s interest is not smaller than your payment, the balance cannot fall in this simplified loop.
This tool assumes a fixed payment each month; one-off extra payments would shorten real payoff but are not entered.
No. Educational illustration only.
Calculations run locally in your browser.
Educational estimate only.