Car Loan Amortization Calculator
Enter your loan amount, interest rate, and term to see your estimated monthly payment along with how much of your total cost goes toward interest versus principal.
About this calculator
Calculate your monthly car loan payment and see a full amortization breakdown of principal versus interest over the life of the loan, including total interest paid.
Frequently Asked Questions
How is the monthly car payment calculated?
The calculator uses the standard amortization formula, which spreads principal and interest across equal monthly payments based on your loan amount, rate, and term.
Does this include taxes and fees?
No, this estimate covers principal and interest only. Sales tax, title fees, and dealer add-ons will increase your actual amount financed.
How can I lower my total interest paid?
A larger down payment, shorter loan term, or better interest rate all reduce the total interest you'll pay over the life of the loan.