Auto Loan Calculator
Estimate a vehicle payment using price, down payment, trade-in value, taxes, fees and APR.
Enter your numbers
Amortization schedule
Selected rows are shown to keep the table easy to scan. Your calculation uses the full term.
| # | Payment | Principal | Interest | Balance |
|---|
How this calculator works
For a fixed-rate installment loan, the estimated payment is based on the amount financed, monthly interest rate and number of monthly payments. Changing the term or APR can significantly change total interest even when the monthly payment looks similar.
What to compare with a lender
Check APR, fees, amount financed, payment schedule and total of payments. For secured loans, also consider taxes, insurance and other ownership costs that may not be included in the principal-and-interest payment.
Frequently asked questions
Does a longer loan term reduce the monthly payment?
Usually, yes. But a longer term can increase the total interest paid.
Is APR the same as the interest rate?
No. APR can incorporate certain finance charges in addition to the stated interest rate. Compare the official disclosures for the exact offer.
Is this a loan offer?
No. It is an educational estimate and does not guarantee approval, rates or terms.