Minimum Payment Calculator

This payment calculator will get you on track to controlling your finances. One of the best things you can do for yourself, is to keep your debt low. Keeping your debt low means paying more than the minimum payment on credit, so you can pay it off in the shortest time possible. Find out how now, with this payment calculator -- use a fixed and minimum payment model.
~Lois

Fixed Vs. Minimum Payment Calculator V2
This calculator will show you how much interest you will end up paying if you choose to make the minimum monthly payments, or if you choose to make fixed monthly payments.
Enter principal balance owed ($):
Enter your credit card's annual interest rate (%):
Minimum payment percentage:
Fixed payment amount you could afford each month ($):

Results
Number of months making payments:
Number of years to pay off existing balance:
Interest paid:
Principal paid:

Longer term payment schedules make take 30 seconds or more to appear on your screen.