$5,000 Credit Card Debt Calculator

How long will it take to pay off $5,000 in credit card debt?
Current Balance
$
New Monthly Charges
$
Interest Rate (APR)
%
Monthly Payment
$

Results:

It will take 2 years, 4 months to pay off your balance.

You will pay a total of $487 in interest.

Here is how your balance will change over time:

Time Balance
initial $5,000
3 months $4,497
6 months $3,983
9 months $3,459
1 year $2,925
1 year, 3 months $2,379
1 year, 6 months $1,823
1 year, 9 months $1,256
2 years $677
2 years, 3 months $87
2 years, 4 months $0

When will I payoff my debt of $5k? This calculator will compute the time it takes to pay off your debt given a fixed payment each month. The higher the interest rate, the longer it will take, so consider trying to consolidate your debts at a lower rate.