FINANCIAL · AUTO LOAN
Auto Loan Calculator
Calculate your monthly car payment, total cost, and full repayment schedule for any auto loan. Free and accurate.
Monthly Payment
$579.98
Principal & Interest
Amount financed$30,000.00
Total interest$4,799.09
Total cost$39,799.09
| Category | Amount | Percentage |
|---|---|---|
| Amount Financed | $30,000 | 86.2% |
| Total Interest | $4,799 | 13.8% |
| Period | Remaining Balance |
|---|---|
| Yr 1 | $24,696 |
| Yr 2 | $19,065 |
| Yr 3 | $13,086 |
| Yr 4 | $6,739 |
| Yr 5 | $0 |
Showing 5 of 5 years
| Year | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| Year 1 | $6,960 | $5,304 | $1,656 | $24,696 |
| Year 2 | $6,960 | $5,631 | $1,329 | $19,065 |
| Year 3 | $6,960 | $5,979 | $981 | $13,086 |
| Year 4 | $6,960 | $6,347 | $613 | $6,739 |
| Year 5 | $6,960 | $6,739 | $221 | $0 |
| Total | $34,799 | $30,000 | $4,799 | — |
About This Calculator
Estimate your monthly car payment and the total cost of your auto loan. Enter the vehicle price, down payment, trade-in value, loan term, and interest rate to get an instant breakdown.
How It Works
Enter the vehicle price, any trade-in value, down payment, applicable sales tax, dealer fees, loan term, and APR. The calculator subtracts credits from the purchase price to find your financed amount, then computes your monthly payment and total loan cost.
The Formula
M = P × [r(1+r)ⁿ] / [(1+r)ⁿ−1]
- M
- monthly payment
- P
- amount financed (price − down payment − trade-in + tax + fees)
- r
- monthly rate (APR ÷ 12)
- n
- term in months
Frequently Asked Questions
- What APR should I expect on an auto loan?
- Rates vary by credit score, loan term, and lender. As of 2026, new-car rates typically range from about 5% to 12% APR. A higher credit score and shorter term generally yield lower rates.
- Should I put more money down?
- A larger down payment reduces the amount financed, lowers your monthly payment, and reduces total interest paid. It also helps avoid being "upside-down" on the loan.