Today is Thursday, September 09th, 2010
Author
Bond Glossary
Financial Glossary
Calculators
Consumer Guide Directory
Media
Contact
Mortgage
Insurance
Banking & Money
Economy
Credit & Debt
College Education
Investment & Planning
Loans
Taxes
Business Finance
Consumer Advocacy
Fixed Vs. Minimum Payment Calculator
This calculator will show you how much interest you will end up paying if you choose to make the minimum monthly payments, or if you choose to make fixed monthly payments.
Enter principal balance owed ($):
Enter your credit card's annual interest rate (%):
Minimum payment percentage:
1.5%
2%
2.5%
3%
3.5%
4%
4.5%
5%
Fixed payment amount you could afford each month ($):
Results
Number of months making payments:
Number of years to pay off existing balance:
Interest paid:
Principal paid:
Longer term payment schedules make take 30 seconds or more to appear on your screen.