# Payoff \$33,000 Debt

Calculate the monthly payment needed to pay off a debt of \$33,000 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 \$33,000 with an interest rate of 4.50%.
To pay it off in 5 years, you will have to pay:
\$615.22 / month
You will pay a total of \$3,913.18 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 \$33,000 debt in 5 years with different interest rates:
Interest Rate Payment Total Interest
5% \$622.75 \$4,365
6% \$637.98 \$5,279
7% \$653.44 \$6,206
8% \$669.12 \$7,147
10% \$701.15 \$9,069
12% \$734.07 \$11,044
15% \$785.07 \$14,104
20% \$874.30 \$19,458
25% \$968.59 \$25,116
30% \$1,068 \$31,060
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.