See how long minimums keep you in debt.
Project payoff timelines, total interest, and the balances that linger the longest when you only pay what the statement requires.
Step 1
Add the balances you want to model.
Enter debts, APRs, and minimums to calculate the baseline minimum-only payoff path.
Your debts
List every balance
We project timelines using the minimum payments you enter here. Update balances and APRs anytime to keep your baseline accurate.
Debt details
Minimum payments keep the lights on, but they also stretch repayment for years. Use this forecast to see the true cost of making the minimums alone.
At a glance
- Total balance: $2,500.00
- Minimums due monthly: $75.00
- Average APR: 18.0%
Step 2
Turn the baseline into action.
Use the debt payoff planner to layer extra payments or compare strategies once you’ve anchored the minimum-only outlook.
Step 3
Review the minimum-payment dashboard.
Summarize KPIs, charts, and the payoff timeline at the end of your forecast.
Total interest
$991.80
Longest balance
Debt
Payoff date
Jan 2030
Balance runoff
Interest over time
Baseline snapshot
What minimums really cost
This projection keeps payments at their minimum amounts. Use it to highlight the trade-offs before layering extra contributions or a new payoff strategy.
Debt-free date
Jan 2030
After 3 years 11 months
Interest paid
$991.80
Total interest if you only make minimums
Total paid
$3,491.80
Principal plus interest over the journey
Reality check
Look at this baseline first. Knowing the payoff date and total interest burn makes it easier to decide how much extra you want to send toward the balances next.
Longest-lived debts
Balances that linger with minimums
These debts take the longest to disappear. Use them to illustrate why a snowball, avalanche, or consolidation plan matters.
Debt
Expected to roll off around Jan 2030
Timeline
Key payoff milestones
Follow the journey month by month and celebrate each balance that drops to zero.
Debt cleared
Jan 2030
Balance hit zero after 47 payments
Debt-free milestone
Jan 2030
All balances eliminated in 3 years 11 months
Monthly commitment
Starts at $75.00 and ends at $41.80. Freed minimums automatically roll into the next priority.
Assumptions & Disclosures
- We accrue interest monthly using the APRs you provide and assume minimum payments remain level until each balance is eliminated.
- Promotional APRs and teaser periods are honored for the months you specify before reverting to the standard rate.
- This tool is for educational planning. Confirm payoff timelines with each lender for compliance-sensitive advice.