Balance Transfer Calculator
Compare the cost of keeping your current credit card balance versus transferring it to a new card with a lower rate. See potential savings including transfer fees.
How to Use the Balance Transfer Calculator
- Enter the required financial values such as amount, rate, or term.
- Adjust additional parameters if available (e.g., down payment, fees).
- The result updates automatically as you type.
- Review the calculated figures including breakdowns and totals.
快速参考
| 从 | 到 |
|---|---|
| 1% | 0.083% monthly |
| 5% | 0.417% monthly |
| 10% | 0.833% monthly |
| 12% | 1% monthly |
| APR 6% | APY ~6.17% |
| 30 years | 360 payments |
使用场景
- •Evaluating different loan or mortgage options before making a decision.
- •Planning a monthly budget with accurate payment projections.
- •Estimating long-term investment growth or retirement savings.
- •Comparing interest rates and total costs across financial products.
公式
Simulate month-by-month payoff: each month Interest = Balance × APR/1200, Balance = Balance + Interest − Payment. Compare total interest between current APR and transfer APR (plus transfer fee). Savings = Current interest − Transfer interest − Fee.
常见问题
How to use?
Enter the data and click the calculate button.
When is a balance transfer worth it?
A balance transfer is worth it when the savings from the lower interest rate exceed the transfer fee. This calculator helps you compare both scenarios.
Is it free?
Yes, all calculators are completely free.