Compare calculators

Both calculators run independently — change the inputs on either side to compare results.

Minimum Payment Calculator

Estimate a credit card's minimum monthly payment using the larger of a percent-of-balance floor or "interest plus 1% of principal" — the two common issuer formulas. Useful for predicting card payments and understanding why minimum-only payments take so long to clear a balance.

Credit Card Balance ($)

Annual Percentage Rate (APR) (%)

Minimum Payment Percentage (%)

Budgeting

Debt Snowball Payoff Calculator

Estimate how many months it will take to pay off your total debt using minimum payments plus an extra monthly contribution. Use it to see how aggressively paying down debt accelerates your payoff timeline.

Total Debt Amount ($)

Average Interest Rate (%)

Total Minimum Payments ($/month)

Extra Monthly Payment ($/month)

Key differences

	Minimum Payment Calculator	Debt Snowball Payoff Calculator
Category	Debt	Budgeting
Inputs required	3	4
Result	Minimum Monthly Payment ($)	Months to Pay Off Debt (months)
What it does	Estimate a credit card's minimum monthly payment using the larger of a percent-of-balance floor or "interest plus 1% of principal" — the two common issuer formulas. Useful for predicting card payments and understanding why minimum-only payments take so long to clear a balance.	Estimate how many months it will take to pay off your total debt using minimum payments plus an extra monthly contribution. Use it to see how aggressively paying down debt accelerates your payoff timeline.