The Minimum-Payment Trap Calculator

The minimum payment isn't a payment plan. It's a subscription — to your own debt. Enter your numbers below and Mort will tell you exactly what the bank is charging you for the funeral.

How it works: each month, interest is charged on the balance (APR ÷ 12), then your minimum payment comes off. In % mode the minimum is recalculated on the shrinking balance every month, with the standard $25 minimum floor most cards apply — which is exactly why it takes so long. This is an estimate for education, not financial advice. Your statement's actual minimum formula may differ — which is itself an autopsy finding.