Loans
Auto Loan Calculator
Estimate amount financed, monthly payment, and total interest. Adjust the example inputs to explore how different assumptions affect the estimate.
Your scenario
Adjust the numbers
Start with the example values or enter your own assumptions.
Based on your inputs
Your estimate
View full amortization schedule (60 payments)
| Payment | Total payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $553.90 | $392.67 | $161.23 | $27,647.33 |
| 2 | $553.90 | $394.93 | $158.97 | $27,252.40 |
| 3 | $553.90 | $397.20 | $156.70 | $26,855.20 |
| 4 | $553.90 | $399.48 | $154.42 | $26,455.72 |
| 5 | $553.90 | $401.78 | $152.12 | $26,053.94 |
| 6 | $553.90 | $404.09 | $149.81 | $25,649.85 |
| 7 | $553.90 | $406.41 | $147.49 | $25,243.44 |
| 8 | $553.90 | $408.75 | $145.15 | $24,834.69 |
| 9 | $553.90 | $411.10 | $142.80 | $24,423.59 |
| 10 | $553.90 | $413.46 | $140.44 | $24,010.13 |
| 11 | $553.90 | $415.84 | $138.06 | $23,594.29 |
| 12 | $553.90 | $418.23 | $135.67 | $23,176.06 |
| 13 | $553.90 | $420.64 | $133.26 | $22,755.42 |
| 14 | $553.90 | $423.06 | $130.84 | $22,332.36 |
| 15 | $553.90 | $425.49 | $128.41 | $21,906.87 |
| 16 | $553.90 | $427.94 | $125.96 | $21,478.93 |
| 17 | $553.90 | $430.40 | $123.50 | $21,048.53 |
| 18 | $553.90 | $432.87 | $121.03 | $20,615.66 |
| 19 | $553.90 | $435.36 | $118.54 | $20,180.30 |
| 20 | $553.90 | $437.86 | $116.04 | $19,742.44 |
| 21 | $553.90 | $440.38 | $113.52 | $19,302.06 |
| 22 | $553.90 | $442.91 | $110.99 | $18,859.15 |
| 23 | $553.90 | $445.46 | $108.44 | $18,413.69 |
| 24 | $553.90 | $448.02 | $105.88 | $17,965.67 |
| 25 | $553.90 | $450.60 | $103.30 | $17,515.07 |
| 26 | $553.90 | $453.19 | $100.71 | $17,061.88 |
| 27 | $553.90 | $455.79 | $98.11 | $16,606.09 |
| 28 | $553.90 | $458.41 | $95.49 | $16,147.68 |
| 29 | $553.90 | $461.05 | $92.85 | $15,686.63 |
| 30 | $553.90 | $463.70 | $90.20 | $15,222.93 |
| 31 | $553.90 | $466.37 | $87.53 | $14,756.56 |
| 32 | $553.90 | $469.05 | $84.85 | $14,287.51 |
| 33 | $553.90 | $471.75 | $82.15 | $13,815.76 |
| 34 | $553.90 | $474.46 | $79.44 | $13,341.30 |
| 35 | $553.90 | $477.19 | $76.71 | $12,864.11 |
| 36 | $553.90 | $479.93 | $73.97 | $12,384.18 |
| 37 | $553.90 | $482.69 | $71.21 | $11,901.49 |
| 38 | $553.90 | $485.47 | $68.43 | $11,416.02 |
| 39 | $553.90 | $488.26 | $65.64 | $10,927.76 |
| 40 | $553.90 | $491.07 | $62.83 | $10,436.69 |
| 41 | $553.90 | $493.89 | $60.01 | $9,942.80 |
| 42 | $553.90 | $496.73 | $57.17 | $9,446.07 |
| 43 | $553.90 | $499.59 | $54.31 | $8,946.48 |
| 44 | $553.90 | $502.46 | $51.44 | $8,444.02 |
| 45 | $553.90 | $505.35 | $48.55 | $7,938.67 |
| 46 | $553.90 | $508.25 | $45.65 | $7,430.42 |
| 47 | $553.90 | $511.18 | $42.72 | $6,919.24 |
| 48 | $553.90 | $514.11 | $39.79 | $6,405.13 |
| 49 | $553.90 | $517.07 | $36.83 | $5,888.06 |
| 50 | $553.90 | $520.04 | $33.86 | $5,368.02 |
| 51 | $553.90 | $523.03 | $30.87 | $4,844.99 |
| 52 | $553.90 | $526.04 | $27.86 | $4,318.95 |
| 53 | $553.90 | $529.07 | $24.83 | $3,789.88 |
| 54 | $553.90 | $532.11 | $21.79 | $3,257.77 |
| 55 | $553.90 | $535.17 | $18.73 | $2,722.60 |
| 56 | $553.90 | $538.25 | $15.65 | $2,184.35 |
| 57 | $553.90 | $541.34 | $12.56 | $1,643.01 |
| 58 | $553.90 | $544.45 | $9.45 | $1,098.56 |
| 59 | $553.90 | $547.58 | $6.32 | $550.98 |
| 60 | $554.15 | $550.98 | $3.17 | $0.00 |
Educational estimate only. Actual terms, taxes, fees, and returns may differ.
How to use this calculator
Enter vehicle price, down payment, trade-in estimate, sales tax estimate, fees, APR, and term.
How the calculation works
Estimated amount financed = price + estimated tax + fees − down payment − trade-in. The standard fixed monthly payment formula estimates repayment.
Worked example
The sales-tax input is applied to the entered vehicle price in this simplified estimate, then the estimated tax and fees are added to the financed amount.
Assumptions and limitations
Tax treatment of trade-ins, incentives, and fees varies by jurisdiction and transaction. Check the dealer’s itemized quote; this is not an offer or lender disclosure.
Frequently asked questions
Does the tool include a trade-in?
Yes. The entered trade-in value is subtracted from the estimated amount financed.
Is the sales tax exact?
No. It applies the entered percentage to the vehicle price as a simplified estimate.
Sources and further reading
Learn more
- How an Auto Loan Amount Financed Is Calculated →
- How Auto Loan Term Length Changes Payment and Total Cost →
- How to Compare Two Loan Offers →
- How to Estimate Total Interest on a Fixed-Rate Loan →
- Negative Equity on a Car Trade-In: What Happens to the Balance? →
- Simple Interest vs. Precomputed Interest on an Auto Loan →
- Why an Auto Loan Payoff Quote Can Differ From Your Balance →
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Educational tool only. It does not provide personalized financial, tax, or legal advice.