Auto Loan Calculator
Estimate your monthly car payment, total interest and total cost of the loan. Enter the vehicle price, down payment, trade-in value, interest rate and loan term — results update as you type.
Loan details
Taxes, registration, title and dealer fees are not included. If you plan to finance them, add them to the vehicle price.
- Loan amount
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- Total interest
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- Total of payments
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- Total cost of car
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Estimates only. Your actual rate, payment and fees depend on the lender, your credit history and the vehicle.
Payment Schedule by Year
How your balance could go down each year, based on the details above.
| Year | Principal paid | Interest paid | Remaining balance |
|---|
How This Calculator Works
The calculator first works out how much you borrow, then uses the standard loan payment formula to estimate a fixed monthly payment.
P is the loan amount, r is the annual rate divided by 12, and n is the number of monthly payments. At 0% interest, the payment is simply P ÷ n.
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Loan term
A longer term lowers the monthly payment but usually increases the total interest you pay.
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Interest rate
Even a small change in APR can noticeably change the total cost over several years.
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Down payment & trade-in
Putting more money down reduces the amount you borrow, which lowers both the payment and the interest.
Auto Loan Questions
Common questions about estimating a car loan payment.
No. It is an estimate based on the numbers you enter. Your actual payment can differ because of taxes, fees, the exact rate you’re offered and how your lender calculates interest.
A longer term lowers the monthly payment, but you usually pay more interest overall and may owe more than the car is worth for longer. Use the term buttons above to compare the trade-off.
No. Sales tax, registration, title and dealer fees vary by location and dealer. If you plan to finance them, add them to the vehicle price for a closer estimate.
No. The calculator runs in your browser and does not involve a credit check or a loan application.
Already Paying Off a Loan?
See how extra monthly payments could change your repayment timeline and total interest.