Payoff $46,000 Debt

Calculate the monthly payment needed to pay off a debt of $46,000 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 $46,000 with an interest rate of 5.75%.
To pay it off in 5 years, you will have to pay:
$883.97 / month
You will pay a total of $7,038.28 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 $46,000 debt in 5 years with different interest rates:
Interest Rate Payment Total Interest
5% $868.08 $6,085
6% $889.31 $7,359
7% $910.86 $8,651
8% $932.71 $9,963
10% $977.36 $12,642
12% $1,023 $15,395
15% $1,094 $19,660
20% $1,219 $27,123
25% $1,350 $35,010
30% $1,488 $43,295
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.