Car Loan Calculator
Monthly payment, total interest, and amortization for an auto loan.
Monthly payment
$650
Loan amount $32,450 (includes $2,450 tax)
Total paid
$39,014
Total interest
$6,564
Yearly breakdown
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $5,557 | $2,245 | $26,893 |
| 2 | $5,989 | $1,814 | $20,904 |
| 3 | $6,454 | $1,349 | $14,450 |
| 4 | $6,955 | $848 | $7,495 |
| 5 | $7,495 | $308 | $0 |
Sales tax is calculated on price minus trade-in (the rule in most US states). Title, registration, and dealer fees are not included.
About
Enter price, down payment, trade-in, sales tax, and APR. Get the monthly payment plus a year-by-year amortization. Catch dealer math like long terms hiding high prices.
How to use
- Enter the car price, down payment, and trade-in value.
- Enter the loan term and APR.
- See the monthly payment and total interest.
FAQ
Is a 72 or 84 month loan a bad idea?+
Usually yes. Long terms shrink the payment but you pay much more interest, and you'll be underwater (owe more than the car is worth) for years.
Should I take dealer financing or a credit union?+
Get pre-approved at a credit union first. Then compare. Dealer financing is sometimes lower (manufacturer subsidy) but often a percentage point or two higher.