Car loan calculator
The monthly payment on a car loan and what the car costs with interest. Free, with no account or uploads.
What the car costs a month
Type the price you are borrowing, the rate and the years.
An example to start from; type your own.
With these numbers
$622.75 a month for 5 years
Interest adds $7,365, about the same as 12 of the payments. From month 1, more of each payment goes to the loan than to interest.
The dashed line is month 1, where more goes to the loan than to interest.
Show the numbers as a table
| Year | To the loan | Interest |
|---|---|---|
| Year 1 | $4,975 | $2,498 |
| Year 2 | $5,442 | $2,031 |
| Year 3 | $5,952 | $1,521 |
| Year 4 | $6,510 | $963 |
| Year 5 | $7,121 | $352 |
Each month's interest is rounded to the cent, half up, and the last payment pays what is left, so your lender's schedule may differ by a few cents.
Paid on top of every payment, straight off the loan.
For the APR: the yearly rate with the fees counted, as US Regulation Z and India's Key Facts Statement work it out.
A little help along the way
Follow these steps. Every option is explained underneath. Everything runs in your browser; nothing is sent anywhere.
- Say what you are working outA home, car or personal loan, paying off a card, or checking an offer.
- Type the amount, the rate and the termThe page starts with an example; type your own.
- Read the answerThe payment and the interest in words first, then the chart and the schedule.
- Download the scheduleAs CSV, a spreadsheet or a PDF.
Questions people ask
- Does it include the down payment?
- Type only what you borrow: the price less the down payment and any trade-in.
- Does it include fees?
- Add fees paid at the start under More options to see the APR with them.
- Is this financial advice?
- No. It is arithmetic on the numbers you type; rates, fees and rules differ by lender and place, so check your own papers.
This page is the Loan calculator, opened for this one job; every other tool it has is one press away. Each of its settings is explained on the Loan calculator's own page.
Read the step-by-step guideKeep going
Guides
- How much will a car loan cost me each month?
- How much does a loan really cost?
- How is EMI calculated? The formula with an example
- Home loan EMI: how much interest will I pay?
- Personal loan EMI and interest: how much will I pay?
- How is a mortgage payment calculated?
- How much sooner will extra payments pay off my mortgage?
- What is an amortization schedule and how do I read it?