Auto Loan Calculator
See how your loan amount, APR, and term shape the monthly payment and total borrowing cost.
Your details
Advanced assumptions
These are scenario assumptions, not verified local rules or lender terms. Only change options supported by your documents.
Your results
Payment breakdown
View first 12 payments
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $586.98 | $424.48 | $162.50 | $29,575.52 |
| 2 | $586.98 | $426.78 | $160.20 | $29,148.73 |
| 3 | $586.98 | $429.10 | $157.89 | $28,719.64 |
| 4 | $586.98 | $431.42 | $155.56 | $28,288.22 |
| 5 | $586.98 | $433.76 | $153.23 | $27,854.46 |
| 6 | $586.98 | $436.11 | $150.88 | $27,418.35 |
| 7 | $586.98 | $438.47 | $148.52 | $26,979.89 |
| 8 | $586.98 | $440.84 | $146.14 | $26,539.04 |
| 9 | $586.98 | $443.23 | $143.75 | $26,095.81 |
| 10 | $586.98 | $445.63 | $141.35 | $25,650.18 |
| 11 | $586.98 | $448.05 | $138.94 | $25,202.13 |
| 12 | $586.98 | $450.47 | $136.51 | $24,751.66 |
Calculated:
Scenario comparison
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How the auto loan calculator works
Calculate an auto loan payment and compare principal, interest, and repayment cost.
Monthly payment uses the standard fixed-rate amortization formula based on principal, monthly APR, and number of payments.
Example
Financing $30,000 at 6.5% for 60 months spreads the principal and interest across 60 equal payments.
What affects the result
- Borrowing less has the largest direct effect on payment.
- A lower APR reduces interest on every payment.
- A shorter term raises the payment but usually lowers total interest.
Helpful guides
Frequently asked questions
What is APR?
APR is the annual percentage rate charged on the loan. This calculator converts it to a monthly rate.
Does this include taxes and fees?
Use the full amount you expect to finance, including any taxes or fees rolled into the loan.