Pay off $3,000 at 18.99% with $150/month

Balance $3,000.00 • APR 18.99% • Payment $150.00/mo

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Balance ($)

APR (%)

Monthly Payment ($)

Payoff in: 25 months

Payoff date: 3/27/2028

Total interest: $635.58

This scenario starts with $3,000.00 at 18.99% APR. Paying $150.00/month clears the balance in about 25 months (example payoff date: 2/1/2028).

Month one interest is roughly $47.47 (1.58% per month), so about $102.53 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 $200.00/month, you’d save about 7 months in this setup and reduce total interest.

First 12 months. Use the tool for full details.

Month	Payment	Interest	Principal	Remaining
1	$150.00	$47.47	$102.53	$2,897.48
2	$150.00	$45.85	$104.15	$2,793.33
3	$150.00	$44.20	$105.80	$2,687.53
4	$150.00	$42.53	$107.47	$2,580.06
5	$150.00	$40.83	$109.17	$2,470.89
6	$150.00	$39.10	$110.90	$2,359.99
7	$150.00	$37.35	$112.65	$2,247.34
8	$150.00	$35.56	$114.44	$2,132.90
9	$150.00	$33.75	$116.25	$2,016.66
10	$150.00	$31.91	$118.09	$1,898.57
11	$150.00	$30.04	$119.96	$1,778.62
12	$150.00	$28.15	$121.85	$1,656.76

Show full schedule

Month	Payment	Interest	Principal	Remaining
1	$150.00	$47.47	$102.53	$2,897.48
2	$150.00	$45.85	$104.15	$2,793.33
3	$150.00	$44.20	$105.80	$2,687.53
4	$150.00	$42.53	$107.47	$2,580.06
5	$150.00	$40.83	$109.17	$2,470.89
6	$150.00	$39.10	$110.90	$2,359.99
7	$150.00	$37.35	$112.65	$2,247.34
8	$150.00	$35.56	$114.44	$2,132.90
9	$150.00	$33.75	$116.25	$2,016.66
10	$150.00	$31.91	$118.09	$1,898.57
11	$150.00	$30.04	$119.96	$1,778.62
12	$150.00	$28.15	$121.85	$1,656.76
13	$150.00	$26.22	$123.78	$1,532.98
14	$150.00	$24.26	$125.74	$1,407.24
15	$150.00	$22.27	$127.73	$1,279.51
16	$150.00	$20.25	$129.75	$1,149.76
17	$150.00	$18.19	$131.81	$1,017.95
18	$150.00	$16.11	$133.89	$884.06
19	$150.00	$13.99	$136.01	$748.05
20	$150.00	$11.84	$138.16	$609.89
21	$150.00	$9.65	$140.35	$469.54
22	$150.00	$7.43	$142.57	$326.97
23	$150.00	$5.17	$144.83	$182.15
24	$150.00	$2.88	$147.12	$35.03
25	$35.58	$0.55	$35.03	$0.00