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Fixed Vs. Minimum Payment Calculator
This calculator will show you how much interest you will end up saving if you start making fixed payments on your credit card rather than the prescribed minimum payments.
Enter principal balance owed ($):
Enter your credit card's annual interest rate (%):
Enter current minimum payment (
--
1.5%
2%
2.5%
3%
3.5%
4%
4.5%
5%
of balance):
Enter a fixed payment amount you could make each month ($):
Payment Method
Number
of
Payments
Total
Interest
Cost
Minimum payments:
Fixed payments:
Fixed payment savings:
