PayBackTime

Given a payment amount, a loan or credit card balance, and an interest rate, PayBackTime will tell you how long it will take to pay off that loan or credit card, including the total interest you'll pay and total number of payments. This can be extremely interesting to consumers shopping for credit or a loan, as you can see how a small increase in payment or decrease in interest can shorten the payoff period. Calculates for both bi-weekly and monthly payments.