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The cost of paying
just the minimum

Minimum payments feel manageable — but they stretch debt for years and pile on interest. Compare what happens when you pay only the minimum versus a fixed monthly amount.

Fixed payment
Paid off in
Total interest
Total paid
Minimum only
Paid off in
Total interest
Total paid

Debt remaining over time

Today

Simulations assume APR stays constant and no additional charges are added to the balance. Real-world minimum payment rules vary by lender. This tool is for educational purposes only.