Pay off $2,000 at 24.99% with $300/month

Balance $2,000.00 • APR 24.99% • Payment $300.00/mo

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Adjust inputs to see how payoff time and interest change.

Balance ($)

APR (%)

Monthly Payment ($)

Payoff in: 8 months

Payoff date: 10/27/2026

Total interest: $176.12

Month	Balance	Payment	Interest	Principal	Remaining
1	$2,000.00	$300.00	$41.65	$258.35	$1,741.65
2	$1,741.65	$300.00	$36.27	$263.73	$1,477.92
3	$1,477.92	$300.00	$30.78	$269.22	$1,208.70
4	$1,208.70	$300.00	$25.17	$274.83	$933.87
5	$933.87	$300.00	$19.45	$280.55	$653.32
6	$653.32	$300.00	$13.61	$286.39	$366.92
7	$366.92	$300.00	$7.64	$292.36	$74.56
8	$74.56	$76.12	$1.55	$74.56	$0.00

This scenario starts with $2,000.00 at 24.99% APR. Paying $300.00/month clears the balance in about 8 months (example payoff date: 9/1/2026).

Month one interest is roughly $41.65 (2.08% per month), so about $258.35 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 $176.12. 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	$300.00	$41.65	$258.35	$1,741.65
2	$300.00	$36.27	$263.73	$1,477.92
3	$300.00	$30.78	$269.22	$1,208.70
4	$300.00	$25.17	$274.83	$933.87
5	$300.00	$19.45	$280.55	$653.32
6	$300.00	$13.61	$286.39	$366.92
7	$300.00	$7.64	$292.36	$74.56
8	$76.12	$1.55	$74.56	$0.00

Show full schedule

Month	Payment	Interest	Principal	Remaining
1	$300.00	$41.65	$258.35	$1,741.65
2	$300.00	$36.27	$263.73	$1,477.92
3	$300.00	$30.78	$269.22	$1,208.70
4	$300.00	$25.17	$274.83	$933.87
5	$300.00	$19.45	$280.55	$653.32
6	$300.00	$13.61	$286.39	$366.92
7	$300.00	$7.64	$292.36	$74.56
8	$76.12	$1.55	$74.56	$0.00