Pay off $1,000 at 24.99% with $200/month

Balance $1,000.00 • APR 24.99% • Payment $200.00/mo

Prefilled calculator

Adjust inputs to see how payoff time and interest change.

Balance ($)

APR (%)

Monthly Payment ($)

Payoff in: 6 months

Payoff date: 8/27/2026

Total interest: $67.40

Month	Balance	Payment	Interest	Principal	Remaining
1	$1,000.00	$200.00	$20.83	$179.18	$820.83
2	$820.83	$200.00	$17.09	$182.91	$637.92
3	$637.92	$200.00	$13.28	$186.72	$451.20
4	$451.20	$200.00	$9.40	$190.60	$260.60
5	$260.60	$200.00	$5.43	$194.57	$66.03
6	$66.03	$67.40	$1.38	$66.03	$0.00

This scenario starts with $1,000.00 at 24.99% APR. Paying $200.00/month clears the balance in about 6 months (example payoff date: 7/1/2026).

Month one interest is roughly $20.83 (2.08% per month), so about $179.18 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.

Total interest paid is about $67.40. Even small payment increases can reduce interest, especially at higher APRs.

First 12 months. Use the tool for full details.

Month	Payment	Interest	Principal	Remaining
1	$200.00	$20.83	$179.18	$820.83
2	$200.00	$17.09	$182.91	$637.92
3	$200.00	$13.28	$186.72	$451.20
4	$200.00	$9.40	$190.60	$260.60
5	$200.00	$5.43	$194.57	$66.03
6	$67.40	$1.38	$66.03	$0.00

Show full schedule

Month	Payment	Interest	Principal	Remaining
1	$200.00	$20.83	$179.18	$820.83
2	$200.00	$17.09	$182.91	$637.92
3	$200.00	$13.28	$186.72	$451.20
4	$200.00	$9.40	$190.60	$260.60
5	$200.00	$5.43	$194.57	$66.03
6	$67.40	$1.38	$66.03	$0.00