John has a $5,000 balance on a credit card with a 15% APR. he wants to pay off the balance before buying a house but can only make a $150 payment each month.
Here are his three options.
Option 1: pay the balance using current credit card terms with kinky payments of $150
Option 2: transfer entire balance to new credit card (citi double cash card) with the attached terms.
Option 3: get a personal loan at a fixed rate for 48 months. (10.75% APR for 48 months)
For each option, how long will it take to pay off the balance and total money spent to do so? Assume no other purchases are made.

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