Payoff $11,000 Debt

Calculate the monthly payment needed to pay off a debt of $11,000 in a certain number of months or years. It can be used for a credit-card debt, student loan debt, or any other type of debt.
Current Debt
Pay Debt in
Interest Rate
You have a debt of $11,000 with an interest rate of 6.95%.
To pay it off in 18 months, you will have to pay:
$645.29 / month
You will pay a total of $615.13 in interest.
What if You Refinance?
The effects of high interest-rate debt can be large. Here's how much you'd have to pay each month to pay off a $11,000 debt in 18 months with different interest rates:
Interest Rate Payment Total Interest
5% $635.59 $440.55
6% $640.55 $529.88
7% $645.53 $619.63
8% $650.54 $709.78
10% $660.63 $891.30
12% $670.80 $1,074
15% $686.23 $1,352
20% $712.40 $1,823
25% $739.11 $2,304
30% $766.37 $2,795
What's the Highest Credit Card Interest Rate?
In the U.S. there is no federal law that limits the rate of interest that a credit card company can charge. However, there is a maximum of 36% for active U.S. military members and their dependents.
Perhaps because of this law, there is no credit card with an APR greater than 36% as of July 2023.
In 2009, First Premier Bank offered a card with a stunning 79.9% interest rate, probably the highest ever.