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$3,000 Debt Payoff Calculator
Plan your payoff for $3,000 in credit card debt. Compare Snowball vs Avalanche math.
Card Details
$
%
$
Paying $100/mo
Debt-Free In
42months(3.5 years)
Total PrincipalTotal Interest
$3,000.00+$1,193.50
Total Cost of Debt
$4,193.50
You will pay $1,193.50 in interest fees.
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Analysis: $3,000 Balance
At $3,000, interest charges start eating about $50/month. You need a payment of $100+ to make real progress.
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Frequently Asked Questions
How long to pay off $3,000?
With a monthly payment of $100, it will take approximately 42 months to pay off $3,000 at 20% APR.
How much interest will I pay on $3,000?
At 20% APR, you are paying roughly $50 in interest alone every single month. To make progress, your payment must exceed this amount.
Is it better to pay minimum or extra?
Always pay extra. Paying only the minimum (~2%) typically extends your debt timeline to 15-20 years. Doubling the minimum often cuts that to 3-5 years.