Pay off $1,000 at 24.99% with $100/month

Balance $1,000.00 • APR 24.99% • Payment $100.00/mo

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Adjust inputs to see how payoff time and interest change.

Balance ($)

APR (%)

Monthly Payment ($)

Payoff in: 12 months

Payoff date: 2/27/2027

Total interest: $133.16

Month	Balance	Payment	Interest	Principal	Remaining
1	$1,000.00	$100.00	$20.83	$79.18	$920.83
2	$920.83	$100.00	$19.18	$80.82	$840.00
3	$840.00	$100.00	$17.49	$82.51	$757.49
4	$757.49	$100.00	$15.77	$84.23	$673.27
5	$673.27	$100.00	$14.02	$85.98	$587.29
6	$587.29	$100.00	$12.23	$87.77	$499.52
7	$499.52	$100.00	$10.40	$89.60	$409.92
8	$409.92	$100.00	$8.54	$91.46	$318.46
9	$318.46	$100.00	$6.63	$93.37	$225.09
10	$225.09	$100.00	$4.69	$95.31	$129.78
11	$129.78	$100.00	$2.70	$97.30	$32.48
12	$32.48	$33.16	$0.68	$32.48	$0.00

This scenario starts with $1,000.00 at 24.99% APR. Paying $100.00/month clears the balance in about 12 months (example payoff date: 1/1/2027).

Month one interest is roughly $20.83 (2.08% per month), so about $79.18 goes to principal right away.

Interest is a smaller share of the payment from the start, so most of what you pay reduces principal. That typically leads to a faster payoff curve.

If you increased the payment by $50 to $150.00/month, you’d save about 4 months in this setup and reduce total interest.

First 12 months. Use the tool for full details.

Month	Payment	Interest	Principal	Remaining
1	$100.00	$20.83	$79.18	$920.83
2	$100.00	$19.18	$80.82	$840.00
3	$100.00	$17.49	$82.51	$757.49
4	$100.00	$15.77	$84.23	$673.27
5	$100.00	$14.02	$85.98	$587.29
6	$100.00	$12.23	$87.77	$499.52
7	$100.00	$10.40	$89.60	$409.92
8	$100.00	$8.54	$91.46	$318.46
9	$100.00	$6.63	$93.37	$225.09
10	$100.00	$4.69	$95.31	$129.78
11	$100.00	$2.70	$97.30	$32.48
12	$33.16	$0.68	$32.48	$0.00

Show full schedule

Month	Payment	Interest	Principal	Remaining
1	$100.00	$20.83	$79.18	$920.83
2	$100.00	$19.18	$80.82	$840.00
3	$100.00	$17.49	$82.51	$757.49
4	$100.00	$15.77	$84.23	$673.27
5	$100.00	$14.02	$85.98	$587.29
6	$100.00	$12.23	$87.77	$499.52
7	$100.00	$10.40	$89.60	$409.92
8	$100.00	$8.54	$91.46	$318.46
9	$100.00	$6.63	$93.37	$225.09
10	$100.00	$4.69	$95.31	$129.78
11	$100.00	$2.70	$97.30	$32.48
12	$33.16	$0.68	$32.48	$0.00