Complete amount financed
The estimate accounts for cash down, positive or negative trade-in equity, sales tax, and financed title or registration fees.
All tools
Finance · Ownership planning
Car Loan Calculator
Estimate the real monthly payment and lifetime cost of a vehicle loan, including tax, fees, trade-in equity, and extra principal.
Calculations stay in this browser
Estimated monthly payment
$652
60 months at 6.90% APR
Amount financed
$33,025
Total interest
$6,118
Loan payments
$39,143
Estimated payoff
–
Principal versus interest84% principal
Financed principal $33,025Interest $6,118
Compare loan lengths
Monthly cost versus total interest
Amortization
See where every payment goes
Year
1
$27,296 remaining
Paid
$7,829
Principal
$5,729
Interest
$2,100
Year
2
$21,160 remaining
Paid
$7,829
Principal
$6,137
Interest
$1,692
Year
3
$14,586 remaining
Paid
$7,829
Principal
$6,574
Interest
$1,255
Year
4
$7,544 remaining
Paid
$7,829
Principal
$7,042
Interest
$786
Year
5
$0 remaining
Paid
$7,829
Principal
$7,544
Interest
$285
This calculator provides an estimate, not a lending offer. Actual taxes, registration rules, lender fees, payment timing, and rounding can change the final contract.
How it works
Understand the loan before signing it.
Build the amount financed from the complete purchase, then compare the payment and total borrowing cost across realistic loan terms.
- 01
Enter the purchase details
Add the vehicle price, cash down payment, trade-in value, remaining trade loan, tax rate, and fees.
- 02
Set the financing terms
Choose an APR and loan length, then optionally add extra monthly principal or adjust the trade-in tax treatment.
- 03
Compare the full cost
Review the monthly payment, total interest, payoff date, term alternatives, and complete amortization schedule.
More than a payment estimate
See the full financing picture.
Extra-payment planning
Add recurring principal to see the revised payoff date, months removed from the loan, and estimated interest avoided.
Transparent amortization
Compare common terms and inspect annual or monthly principal, interest, payment, and remaining-balance figures.
Car loan questions
Payments, trade-ins, taxes, terms, and interest.
How is a monthly car loan payment calculated?+
The standard amortizing-loan formula uses the amount financed, monthly interest rate, and number of monthly payments. Each payment covers the month's interest first, with the remainder reducing principal.
How do down payments and trade-ins affect the loan?+
A cash down payment reduces the amount financed. Positive trade-in equity also reduces it, while owing more than the trade-in is worth adds the shortfall to the new loan.
Does the calculator include sales tax and fees?+
Yes. Enter a sales-tax rate and any title, registration, documentation, or other fees that will be financed. Tax rules vary, so you can choose whether the trade-in value reduces the taxable price.
What is APR on a car loan?+
APR is the annual percentage rate used to estimate borrowing cost. The calculator divides it into a monthly rate for amortization. A lender's disclosed APR can also reflect certain finance charges.
Is a longer car loan term cheaper?+
A longer term usually lowers the monthly payment but increases total interest and keeps the vehicle financed longer. The term comparison shows this tradeoff using the same amount financed and APR.
How do extra monthly payments help?+
Extra money is applied to principal in this estimate. That reduces the balance earlier, so later interest charges are smaller and the loan can finish sooner. Confirm that your lender applies extra payments to principal without a penalty.
Is this calculator a loan offer?+
No. It is an educational estimate. A lender's contract can differ because of credit decisions, fees, tax law, payment dates, daily interest, optional products, and rounding.
More focused tools, ready when you are.
Explore the growing collection for calculations, documents, writing, and everyday work.