United States · Mortgage · Auto · Personal · Student
Auto loan calculator
Estimate your monthly payment, total interest, and payoff schedule before you talk to a lender. The math runs in your browser. This is an educational estimate, not a loan offer.
This site shows labeled Google ads. There are no lending partners or affiliate links on this site right now, and no lender pays to appear here. Disclosure.
Calculate your payment
After this estimate
This figure is principal and interest only — not a lender quote. Next steps that stay on this site:
- Replace the APR with the rate on a written offer you actually have.
- See what extra principal payments change
- Why the real mortgage bill can be higher (PITI)
No lending partners are currently listed. To compare offers, ask two or more lenders (for example, banks, credit unions, and online lenders) for their official disclosures. For most mortgages that is a Loan Estimate. Then compare the APRs for the same loan amount and term. Disclosure.
Amortization schedule
Month-by-month principal, interest, and remaining balance.
| Month | Payment | Principal | Interest | Balance |
|---|
Intro
Use this calculator to estimate the monthly payment on a fixed-rate car loan, how much interest you would pay over the term, and a month-by-month payoff schedule. It is useful for comparing offers from a dealer, bank, or credit union, and for seeing how the term length changes the total cost.
How to use it
- Loan amount: enter the amount financed from your buyer's order or contract, not the sticker price. It may include sales tax, title and registration fees, add-on products, and any negative equity from a trade-in, and it is reduced by your down payment and any trade-in credit.
- Interest rate: enter the rate from your offer. The number that loads with the page is an illustration, not a current rate. The CFPB suggests comparing APR to APR across offers.
- Term: car loans are usually quoted in months. Keep the unit on "months" and try a few terms, such as 36, 48, 60, 72, or 84.
- Extra monthly payment (optional): see how paying a little extra each month shortens the loan.
What the results mean
- Estimated monthly payment: principal and interest on the amount financed. Insurance, fuel, registration renewals, and maintenance are separate.
- Total interest and total paid: the full cost of borrowing if you keep the loan to the end. The CFPB notes that a longer term may mean smaller monthly payments but more interest over the life of the loan.
- Amortization schedule: check the remaining balance at the point you might trade the car in. On longer loans the balance falls slowly, and the CFPB notes that longer loans are more likely to leave you owing more than the vehicle is worth.
For a side-by-side example of 36- to 84-month terms, read auto loan term length. To understand fees and APR, see APR vs. interest rate.
FAQ
- Should I include sales tax in the loan amount? If the tax is financed, yes. Use the amount financed shown on your contract.
- Does this work for used cars and refinancing? Yes, for any fixed-rate installment loan. Enter the amount, rate, and term from the offer.
- Can I use this for a 0% APR offer? Yes. With no interest, the payment is simply the loan amount divided by the number of months. For example, $24,000 over 48 months is $500 a month (illustration only). Promotional 0% offers often come with conditions. They may be limited to certain terms, vehicles, or buyers, or offered instead of a cash rebate. Check the lender's disclosure for the full terms before you compare offers.
- Is this a loan offer? No. MyLoanCalculator.app is not a lender or dealer.
CTA
Enter your amount financed, APR, and term above to estimate your car payment
Sources (checked 2026-09-25)
- CFPB, "How do I compare auto loan offers?" (last reviewed Jan 30, 2024): https://www.consumerfinance.gov/ask-cfpb/how-do-i-compare-auto-loan-offers-what-should-i-look-at-besides-the-monthly-payment-en-753/
- CFPB, "What is the difference between a loan interest rate and the APR?" (last reviewed Aug 28, 2026): https://www.consumerfinance.gov/ask-cfpb/what-is-the-difference-between-a-loan-interest-rate-and-the-apr-en-733/
Disclaimer
Estimates only. This page is educational and is not financial, lending, legal, or tax advice. Figures come from the numbers you enter and cover principal and interest only. Your actual loan terms depend on the lender, your credit, and costs such as property taxes, homeowners insurance, PMI, and fees. Before you borrow, get a Loan Estimate or other official disclosure from each lender and compare them. MyLoanCalculator.app is not a lender and does not make loan offers.