Balance Transfer Calculator
Does a 0% transfer beat staying put?
Enter your values
Enter the balance in $.
Enter the current apr in %.
Enter the transfer fee in %.
Enter the 0% period in months.
Enter the monthly payment in $.
Results update instantly as you type — no submit needed. Your values are remembered on this device, and the shareable link reopens the calculator with exactly these numbers.
- Net saving
- $1,188.10
- Interest avoided
- $1,368.10
- Transfer fee
- $180.00
- Balance left when promo ends
- $0.00
Quick answer
A transfer wins when interest avoided during the promo period exceeds the upfront transfer fee.
saving = interest avoided - balance x fee%
At a glance
| What it does | Does a 0% transfer beat staying put? |
|---|---|
| Category | Finance |
| Inputs needed | Balance, Current APR, Transfer fee, 0% period, Monthly payment |
| Main output | Net saving |
| Formula | saving = interest avoided - balance x fee% |
| Cost | Free — no sign-up, no download |
How to use the Balance Transfer Calculator
- 1Enter the balance and the APR you pay today.
- 2Enter the transfer fee and length of the 0% period.
- 3Set a payment that clears the balance before the promo ends.
Inputs explained
- Balance($)
- Enter the balance in $.
- Current APR(%)
- Enter the current apr in %.
- Transfer fee(%)
- Enter the transfer fee in %.
- 0% period(months)
- Enter the 0% period in months.
- Monthly payment($)
- Enter the monthly payment in $.
Worked example
Using the values the calculator loads with:
Inputs
- Balance6000 $
- Current APR23.9 %
- Transfer fee3 %
- 0% period18 months
- Monthly payment350 $
Results
- Net saving$1,188.10
- Interest avoided$1,368.10
- Transfer fee$180.00
- Balance left when promo ends$0.00
Frequently asked questions
What happens after the promo?
The rate jumps to the standard APR on any remaining balance, often wiping out the saving.
Does it hurt my score?
A new account dips your average age briefly, but lower utilisation usually helps overall.
What do I need to enter into the Balance Transfer Calculator?
Just 5 values: balance, current apr, transfer fee, 0% period, monthly payment. Every field starts with a realistic example, so you can change one number at a time and watch the result update instantly.
How does the Balance Transfer Calculator work out the answer?
A transfer wins when interest avoided during the promo period exceeds the upfront transfer fee. It applies the formula saving = interest avoided - balance x fee% and shows the working so you can check each step by hand.
Is the Balance Transfer Calculator free, and do I need an account?
It is completely free with no sign-up, no download and no usage limit. Everything is calculated in your browser, so the numbers you type never leave your device.
Results are estimates for general information. For medical, legal, structural or financial decisions, confirm with a qualified professional.