Balance Transfer Calculator

Monthly Payment Original Card

$10,000 Balance
Fixed Monthly Payment 200.00 $8,000

$6,000

Balance Transfer Fees $4,000

Fixed Amount $2,000

Percentage of Balance 3.00% $-

0 10 20 30 40 50 60 70 80
Maximum Fee
Months:

. .
Original Card New Card
Current Balance 9,000.00 New Balance 9,270.00
Interest Rate 16.000% Interest Rate 17.000%
Introductory Period 0 months Introductory Period 12 months
Introductory Rate 0.000% Introductory Rate 0.000%
Annual Fee - Annual Fee -

Months to Pay Off 70 (5.83 years) Months to Pay Off 60 (5 years)

Total Interest Paid 4,872.65 Total Interest Paid 2,609.77
Total Paid 13,872.65 Total Paid 11,879.77
Amount Saved 1,992.88

Extra Interest Principal Extra Interest Principal

No. Balance No. Balance
Payment Paid Paid Payment Paid Paid
0 9,000.00 0 9,270.00
1 - 120.00 80.00 8,920.00 1 - 200.00 9,070.00
2 - 118.93 56.00 8,864.00 2 - 200.00 8,870.00
3 - 118.19 81.81 8,782.19 3 - 200.00 8,670.00
4 - 117.10 82.90 8,699.29 4 - 200.00 8,470.00
5 - 115.99 84.01 8,615.28 5 - 200.00 8,270.00
6 - 114.87 85.13 8,530.15 6 - 200.00 8,070.00
7 - 113.74 86.26 8,443.89 7 - 200.00 7,870.00
8 - 112.59 87.41 8,356.48 8 - 200.00 7,670.00
9 - 111.42 88.58 8,267.90 9 - 200.00 7,470.00
10 - 110.24 89.76 8,178.14 10 - 200.00 7,270.00
11 - 109.04 90.96 8,087.18 11 - 200.00 7,070.00
12 - 107.83 92.17 7,995.01 12 - 200.00 6,870.00
13 - 106.60 93.40 7,901.61 13 97.33 102.67 6,767.33
14 - 105.35 94.65 7,806.96 14 95.87 104.13 6,663.20
15 - 104.09 95.91 7,711.05 15 94.40 105.60 6,557.60
16 - 102.81 97.19 7,613.86 16 92.90 107.10 6,450.50
17 - 101.52 98.48 7,515.38 17 91.38 108.62 6,341.88
18 - 100.21 99.79 7,415.59 18 89.84 110.16 6,231.72
19 - 98.87 101.13 7,314.46 19 88.28 111.72 6,120.00
20 - 97.53 102.47 7,211.99 20 86.70 113.30 6,006.70
21 - 96.16 103.84 7,108.15 21 85.09 114.91 5,891.79
22 - 94.78 105.22 7,002.93 22 83.47 116.53 5,775.26
23 - 93.37 106.63 6,896.30 23 81.82 118.18 5,657.08
24 - 91.95 108.05 6,788.25 24 80.14 119.86 5,537.22
25 - 90.51 109.49 6,678.76 25 78.44 121.56 5,415.66
26 - 89.05 110.95 6,567.81 26 76.72 123.28 5,292.38
27 - 87.57 112.43 6,455.38 27 74.98 125.02 5,167.36
28 - 86.07 113.93 6,341.45 28 73.20 126.80 5,040.56
29 - 84.55 115.45 6,226.00 29 71.41 128.59 4,911.97

01+034https://www.vertex42.com/Calculators/balance-transfer.html Page 1 of
 30 - 83.01 116.99 6,109.01 30 69.59 130.41 4,781.56
31 - 81.45 118.55 5,990.46 31 67.74 132.26 4,649.30
32 - 79.87 120.13 5,870.33 32 65.87 134.13 4,515.17
33 - 78.27 121.73 5,748.60 33 63.96 136.04 4,379.13
34 - 76.65 123.35 5,625.25 34 62.04 137.96 4,241.17
35 - 75.00 125.00 5,500.25 35 60.08 139.92 4,101.25
36 - 73.34 126.66 5,373.59 36 58.10 141.90 3,959.35
37 - 71.65 128.35 5,245.24 37 56.09 143.91 3,815.44
38 - 69.94 130.06 5,115.18 38 54.05 145.95 3,669.49
39 - 68.20 131.80 4,983.38 39 51.98 148.02 3,521.47
40 - 66.45 133.55 4,849.83 40 49.89 150.11 3,371.36
41 - 64.66 135.34 4,714.49 41 47.76 152.24 3,219.12
42 - 62.86 137.14 4,577.35 42 45.60 154.40 3,064.72
43 - 61.03 138.97 4,438.38 43 43.42 156.58 2,908.14
44 - 59.18 140.82 4,297.56 44 41.20 158.80 2,749.34
45 - 57.30 142.70 4,154.86 45 38.95 161.05 2,588.29
46 - 55.40 144.60 4,010.26 46 36.67 163.33 2,424.96
47 - 53.47 146.53 3,863.73 47 34.35 165.65 2,259.31
48 - 51.52 148.48 3,715.25 48 32.01 167.99 2,091.32
49 - 49.54 150.46 3,564.79 49 29.63 170.37 1,920.95
50 - 47.53 152.47 3,412.32 50 27.21 172.79 1,748.16
51 - 45.50 154.50 3,257.82 51 24.77 175.23 1,572.93
52 - 43.44 156.56 3,101.26 52 22.28 177.72 1,395.21
53 - 41.35 158.65 2,942.61 53 19.77 180.23 1,214.98
54 - 39.23 160.77 2,781.84 54 17.21 182.79 1,032.19
55 - 37.09 162.91 2,618.93 55 14.62 185.38 846.81
56 - 34.92 165.08 2,453.85 56 12.00 188.00 658.81
57 - 32.72 167.28 2,286.57 57 9.33 190.67 468.14
58 - 30.49 169.51 2,117.06 58 6.63 193.37 274.77
59 - 28.23 171.77 1,945.29 59 3.89 196.11 78.66
60 - 25.94 174.06 1,771.23 60 1.11 78.66 -
61 - 23.62 176.38 1,594.85
62 - 21.26 178.74 1,416.11
63 - 18.88 181.12 1,234.99
64 - 16.47 183.53 1,051.46
65 - 14.02 185.98 865.48
66 - 11.54 188.46 677.02
67 - 9.03 190.97 486.05
68 - 6.48 193.52 292.53
69 - 3.90 196.10 96.43
70 - 1.29 96.43 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

01+034https://www.vertex42.com/Calculators/balance-transfer.html Page 2 of
 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

01+034https://www.vertex42.com/Calculators/balance-transfer.html Page 3 of
 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

01+034https://www.vertex42.com/Calculators/balance-transfer.html Page 4 of
 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

01+034https://www.vertex42.com/Calculators/balance-transfer.html Page 5 of
 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

01+034https://www.vertex42.com/Calculators/balance-transfer.html Page 6 of
 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

01+034https://www.vertex42.com/Calculators/balance-transfer.html Page 7 of
 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

01+034https://www.vertex42.com/Calculators/balance-transfer.html Page 8 of
 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

01+034https://www.vertex42.com/Calculators/balance-transfer.html Page 9 of
HELP
This spreadsheet was designed to evaluate the benefit of using a credit card
About Thisbalance
Template
transfer as a way to pay off a credit card faster. The basic idea is to
transfer the balance of a card to a new card that has a long initial 0% interest
period so that more of your initial payments can go towards paying down
Additionalprincipal
Details(instead of interest).
Fixed Monthly Payment: A debt payoff plan usually involves making a fixed
monthly debt payment instead of only the minimum monthly payment. For the
purposes of comparing the original card to the new card, the same monthly
Balance
payment Transfer
is used forFees:
both A balance transfer commonly involves paying a fee,
scenarios.
either a fixed amount or a percentage of the transferred balance. This
spreadsheet assumes that the fee is added to the balance of the new card.
Extra Payments: If you want to make occasional extra payments, you can enter
the additional amounts into the Extra Payment column.
Amount Saved: This is the difference between the total amount paid on the
original card and the new card.
Introductory Period: Many cards offer a 0% interest period for a certain number
of months. This is one of the main benefits of using a balance transfer as a way
to speed up debt
Introductory payoff.
Rate: If theHowever,
introductoryoneperiod
of theoffers
risks of this approach
a rate other thanis0%,
thatenter
missing
the a payment
introductory might cancel the introductory period.
rate.
Multiple Cards: If you are transferring balances from multiple cards, then you
can still estimate the result of the balance transfer. Add the balances of the
original cards
Caution: and enter does
This calculator that innot
thetake
Current Balance future
into account field. To more accurately
charges to your
estimate paying
account, offor
late fees, thechanges
original in
setthe
of interest
cards, you
ratecan usethan
(other the Vertex42 Debt
the introductory
period). The monthly interest due is only an estimate. The actual interest due is
often based on the average daily balance and is accrued daily rather than