Financial Calculators
Auto Loan Calculator
Find your monthly car payment, total interest, and true cost of financing. Includes down payment and trade-in value.
Vehicle & Loan Details
Net loan: $27,000
Amortization Schedule
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 2026 | $3,482 | $1,318 | $23,518 |
| 2027 | $4,932 | $1,469 | $18,586 |
| 2028 | $5,283 | $1,117 | $13,303 |
| 2029 | $5,659 | $741 | $7,644 |
| 2030 | $6,062 | $338 | $1,582 |
Monthly Payment
$533
Cost Breakdown
Net Loan
$27,000
Total Interest
$5,002
Total Cost
$32,002
Paid Off
Mar 2031
How is my monthly car payment calculated?
Enter the vehicle price, subtract your down payment and trade-in value, then apply the standard amortization formula using your interest rate and loan term. The result is your fixed monthly payment.
What is a good auto loan interest rate?
Rates vary by credit score and term. As of 2025, rates typically range from 5%–15%. Excellent credit (750+) may qualify for rates below 6%. Shorter terms (36–48 months) usually carry lower rates.
Should I put more down on my car?
A larger down payment reduces your loan amount, lowers monthly payments, and reduces total interest paid. It also prevents you from being "underwater" on the loan if the car depreciates quickly.
How does a trade-in affect my auto loan?
A trade-in reduces your effective purchase price. If your trade-in is worth $5,000 and you're buying a $25,000 car, your financed amount starts at $20,000 (before down payment), lowering both monthly payments and total interest.