Fixed Vs. Minimum Payment Calculator

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. Learn more about debt management and get a free counseling session with an experienced and certified debt counselor by filling out the form to the right.


Enter principal balance owed ($): Enter your credit card’s annual interest rate (%): Minimum payment percentage:

1.5% 2% 2.5% 3% 3.5% 4% 4.5% 5%

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 a few seconds to appear on your screen.