Car Loan Payoff Calculator
Enter your loan details to see your monthly payment, total interest cost, and how much faster you can pay off your car loan with extra payments.
Monthly Payment
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Monthly Payment—
Total Interest Paid—
Total Cost of Loan—
Months to Payoff with Extra Payments—
About this calculator
Build a full month-by-month auto loan amortization schedule and see total interest paid, payoff date, and how extra payments shrink your loan term.
Frequently Asked Questions
How is the monthly car payment calculated?
It uses the standard amortization formula based on loan amount, interest rate, and term length, dividing the balance into equal payments of principal and interest.
Does adding extra payments really help?
Yes. Extra payments go entirely toward principal, which reduces the interest charged in future months and shortens your total payoff time.
Is this calculator accurate for all lenders?
It provides a close estimate assuming simple interest amortization, which is how most auto loans work, but exact terms can vary by lender.