Auto Loan Calculator
Auto Loan Calculator | Calculate your monthly car payments, total interest costs, and loan amortization schedule. Adjust loan terms to find the best financing option for your next vehicle.
Auto Loan Details
$
$
$
%
months
Loan Summary
Monthly Payment
$580.30
Principal & Interest
Total Interest
$4,818.00
Over Loan Term
Total Cost
$34,818.00
Vehicle + Interest
Loan Amount
$30,000.00
After Down Payment
Auto Loan Cost Breakdown
Vehicle Price
$35,000.00
Down Payment
-$5,000.00
Trade-In Value
-$0.00
Total Interest (5.5%)
+$4,818.00
Total Cost of Loan
$34,818.00
Amortization Schedule
Year
Principal Paid
Interest Paid
Balance
Year 1
End of Year
$5,785.20
$1,652.40
$24,214.80
Year 2
End of Year
$6,102.60
$1,335.00
$18,112.20
Year 3
End of Year
$6,439.20
$998.40
$11,673.00
Year 4
End of Year
$6,795.60
$642.00
$4,877.40
Year 5
End of Year
$4,877.40
$190.20
$0.00
Financing Tip
A 20% down payment can help you avoid being upside-down on your loan and may qualify you for better interest rates. Consider making additional payments to reduce total interest costs.