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Credit Card Payoff Calculator Excel

Credit Card Payoff Calculator Excel to calculate early payoff for your credit card. Enter the current balance, interest rate, monthly payment, and the number of years that you wish to pay off your credit card. You will be shown a new credit card amortization schedule which is exportable to excel.

Early Credit Card Payoff Calculator

Current Balance
$
Interest Rate
Current Monthly Payment
$
Extra Monthly Payment
$
OR
Desired Payoff Years
years

Original vs. Early Payoff

Original Early Payoff
Monthly Payment
$200.00
$300.00
Expected Payoff Time
62 months
35 months
Total Interest
$4,308.98 $2,293.42
Total Principal
$8,000.00 $8,000.00
Total Payment
$12,308.98 $10,293.42
Total Interest Savings
$0 $2,015.56
Payoff Date
Mar, 2029 Dec, 2026

Early Payoff Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Feb, 2024 1 $120.00 $180.00 $300.00 $7,820.00
Mar, 2024 2 $117.30 $182.70 $300.00 $7,637.30
Apr, 2024 3 $114.56 $185.44 $300.00 $7,451.86
May, 2024 4 $111.78 $188.22 $300.00 $7,263.64
Jun, 2024 5 $108.95 $191.05 $300.00 $7,072.59
Jul, 2024 6 $106.09 $193.91 $300.00 $6,878.68
Aug, 2024 7 $103.18 $196.82 $300.00 $6,681.86
Sep, 2024 8 $100.23 $199.77 $300.00 $6,482.09
Oct, 2024 9 $97.23 $202.77 $300.00 $6,279.32
Nov, 2024 10 $94.19 $205.81 $300.00 $6,073.51
Dec, 2024 11 $91.10 $208.90 $300.00 $5,864.61
Jan, 2025 12 $87.97 $212.03 $300.00 $5,652.58
Feb, 2025 13 $84.79 $215.21 $300.00 $5,437.37
Mar, 2025 14 $81.56 $218.44 $300.00 $5,218.93
Apr, 2025 15 $78.28 $221.72 $300.00 $4,997.22
May, 2025 16 $74.96 $225.04 $300.00 $4,772.17
Jun, 2025 17 $71.58 $228.42 $300.00 $4,543.76
Jul, 2025 18 $68.16 $231.84 $300.00 $4,311.91
Aug, 2025 19 $64.68 $235.32 $300.00 $4,076.59
Sep, 2025 20 $61.15 $238.85 $300.00 $3,837.74
Oct, 2025 21 $57.57 $242.43 $300.00 $3,595.31
Nov, 2025 22 $53.93 $246.07 $300.00 $3,349.24
Dec, 2025 23 $50.24 $249.76 $300.00 $3,099.47
Jan, 2026 24 $46.49 $253.51 $300.00 $2,845.97
Feb, 2026 25 $42.69 $257.31 $300.00 $2,588.66
Mar, 2026 26 $38.83 $261.17 $300.00 $2,327.49
Apr, 2026 27 $34.91 $265.09 $300.00 $2,062.40
May, 2026 28 $30.94 $269.06 $300.00 $1,793.33
Jun, 2026 29 $26.90 $273.10 $300.00 $1,520.23
Jul, 2026 30 $22.80 $277.20 $300.00 $1,243.04
Aug, 2026 31 $18.65 $281.35 $300.00 $961.68
Sep, 2026 32 $14.43 $285.57 $300.00 $676.11
Oct, 2026 33 $10.14 $289.86 $300.00 $386.25
Nov, 2026 34 $5.79 $294.21 $300.00 $92.04
Dec, 2026 35 $1.38 $92.04 $93.42 $0.00


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