Fixed Vs. Minimum Payment Calculator

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How much money will I save if I make fixed payments on my credit card rather than minimum payments?


This calculator will show you how much interest you will end up paying if you make only the minimum required payment on your credit card bill. It will also tell you how many minimum payments you will make before your balance is paid off (up to a maximum of 600 payments).


Fixed Vs. Minimum Payment Calculator
Enter principal balance owed ($):
Enter your credit card's annual interest rate (%):
Enter current minimum payment ( of balance):
Enter a fixed payment amount you could make each month ($):
Payment Method Number
of
Payments 		Total
Interest
Cost
Minimum payments:
Fixed payments:
Fixed payment savings:




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