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Find the right fixed monthly payments to fit your budget and pay off your debt fast!

If you carry credit card balances over every month, you could benefit from making fixed payments until you pay the debt off. Instead of following the minimum payment schedule, which isn’t designed to pay off debt efficiently, you find a fixed amount that works for your budget. That way, you can pay off credit card balances as quickly as possible to eliminate your debt fast. This free fixed payment calculator can help you find the right payments to meet your needs.


Credit Card Information

*Your balance must be a number between 0 and 100,000*

Your minimum payment: $0.00

*Note your minimum payment decreases as you pay down your credit card balance.*
Minimum payment
Fixed payment
*Your fixed payment must be greater than or equal to your first minimum monthly payment and no grater than $10000*

With a minimum payment (default $25.00)

It will take you 0 months to be rid of your debt.

In that time, you will pay:

$ 0.00

In interest.

If you make payments under $0.00, you will never be able to pay your debt. Please enter a higher value using the fixed payments field.

With a fixed payment: $0.00

It will take you $0.00 months to be rid of your debt.

In that time, you will pay:

$ 0.00

In interest.

If you only make payments of $0.00, you will never be able to pay your debt. Please enter a higher value using the fixed payments field.

Show payment schedule

Payment Schedule


Note: Federal regulations require credit card issuers to disclose on your credit card statement how long it will take to pay off your estimated balance if you make minimum monthly payments. Estimates may be rounded up to the next $100. This debt calculator uses your actual credit card balance, so the results may vary from the estimate shown in your credit card statement.


How long should it take to pay off my debt?

Ideally, you should be able to eliminate a balance in full within one year making fixed payments. If you have more than one balance to eliminate, then you should be able to pay them all off within 3-5 years. If you can’t find a payment that works for your budget to do that, then you need debt relief.

Debt relief options provide faster, more efficient ways to repay your debt. You can consolidate the debt at a lower interest rate or go through credit counseling. In either case, the goal is to reduce or eliminate interest charges so you can pay off debt as quickly as possible.

This can be beneficial over trying to pay off debt with fixed payments. That’s because even with larger fixed payments, you still throw money away on accrued monthly interest charges. At 15% or even 20% APR, a big portion of every payment you make gets used to cover interest charges. As a result, it takes more money and time to pay off your debt.