Finance
Instant, private, and free
Auto Loan Calculator.
Calculate an estimated auto-loan payment from price, trade-in, taxes, fees, rate, and term.
Set your values
Results update as you type.
Trade-in equity applied: $0.00. The schedule uses monthly payments and the fixed rate entered above.
Amortization schedule
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $564.33 | $398.08 | $166.25 | $28,101.92 |
| 2 | $564.33 | $400.41 | $163.93 | $27,701.51 |
| 3 | $564.33 | $402.74 | $161.59 | $27,298.77 |
| 4 | $564.33 | $405.09 | $159.24 | $26,893.68 |
| 5 | $564.33 | $407.45 | $156.88 | $26,486.22 |
| 6 | $564.33 | $409.83 | $154.50 | $26,076.39 |
| 7 | $564.33 | $412.22 | $152.11 | $25,664.17 |
| 8 | $564.33 | $414.63 | $149.71 | $25,249.54 |
| 9 | $564.33 | $417.05 | $147.29 | $24,832.50 |
| 10 | $564.33 | $419.48 | $144.86 | $24,413.02 |
| 11 | $564.33 | $421.92 | $142.41 | $23,991.09 |
| 12 | $564.33 | $424.39 | $139.95 | $23,566.71 |
| 13 | $564.33 | $426.86 | $137.47 | $23,139.85 |
| 14 | $564.33 | $429.35 | $134.98 | $22,710.49 |
| 15 | $564.33 | $431.86 | $132.48 | $22,278.64 |
| 16 | $564.33 | $434.38 | $129.96 | $21,844.26 |
| 17 | $564.33 | $436.91 | $127.42 | $21,407.35 |
| 18 | $564.33 | $439.46 | $124.88 | $20,967.90 |
| 19 | $564.33 | $442.02 | $122.31 | $20,525.87 |
| 20 | $564.33 | $444.60 | $119.73 | $20,081.27 |
| 21 | $564.33 | $447.19 | $117.14 | $19,634.08 |
| 22 | $564.33 | $449.80 | $114.53 | $19,184.28 |
| 23 | $564.33 | $452.43 | $111.91 | $18,731.85 |
| 24 | $564.33 | $455.07 | $109.27 | $18,276.79 |
How to Use
Enter taxes and fees as dollar amounts. This calculator does not infer sales-tax exemptions, registration rules, lender fees, or local trade-in treatment.
FAQs
Is this a lender quote?
No. It is a transparent amortization estimate based only on your entered vehicle and loan assumptions; lender approval, fees, and local taxes may differ.
Use Cases
Plan Your Car Purchase Budget
Before visiting a dealership, use the calculator to estimate your monthly payment based on the price, your down payment or trade-in, taxes, fees, and loan terms. This helps you set a realistic budget.
Example: Enter a $25,000 price, $5,000 down, 7% tax, $500 fees, 5% APR, 60 months to see your payment.
Compare Financing Scenarios
Adjust the interest rate, term, or down payment to compare different financing options and see how they affect your monthly payment and total interest paid.
Example: Compare a 48-month vs. 72-month loan to see the trade-off between lower payments and higher interest.
Frequently Asked Questions
- What does the Auto Loan Calculator estimate?
- It estimates your monthly car loan payment and provides an amortization schedule based on the car price, your equity (trade-in or down payment), taxes, fees, interest rate, and loan term.
- How is the monthly payment calculated?
- The calculator subtracts your equity from the car price, adds taxes and fees to get the loan amount, then uses the interest rate and term to compute a fixed monthly payment and the amortization schedule.
- Can I adjust the loan term to see different payments?
- Yes, you can input different loan terms (e.g., 36, 48, 60 months) to see how the monthly payment and total interest change. The calculator will update the amortization schedule accordingly.
Tips & Common Mistakes
Tips
- Include all taxes and fees in your calculation to get a realistic monthly payment.
- A larger down payment or trade-in equity reduces your loan amount and monthly payment.
- Consider a shorter loan term to pay less interest over time, even if the monthly payment is higher.
- Use the amortization schedule to see how much principal vs. interest you pay each month.
Common Mistakes to Avoid
- Forgetting to include taxes and fees, which can significantly increase the loan amount.
- Using the sticker price instead of the negotiated price, leading to an overestimated payment.
- Ignoring the effect of the loan term on total interest – a longer term means more interest paid.
Last updated: August 13, 2026