What affects my auto loan monthly payment?

Your payment depends on the loan amount (price minus down payment), the interest rate, and the loan term.

Does this include taxes and fees?

This calculator estimates loan payments based on your inputs. If your total price includes taxes and fees, include them in the vehicle price to account for them.

What is an amortization schedule for a car loan?

An amortization schedule shows how each payment is split between interest and principal and how your balance decreases over time.

Auto Loan Calculator

Overview

Easily calculate your monthly auto loan payments and amortization schedule for vehicle financing.

The Auto Loan Calculator helps you calculate your monthly car payments and provides an amortization schedule for auto loans. Input your vehicle price, interest rate, and loan term to get a breakdown of payments and how much interest you'll pay over the life of the loan.

How to use

Estimate your monthly car payment in a few quick steps.

Enter the vehicle price: Add the total purchase price of the vehicle (before your down payment).
Add your down payment: Enter the amount you plan to pay upfront to reduce the loan amount.
Choose the loan term: Select how many years you plan to finance the loan (for example, 3–7 years).
Enter the interest rate: Input the annual interest rate (APR) from your lender to calculate the payment and total interest.

FAQs

What affects my auto loan monthly payment?: Your payment depends on the loan amount (price minus down payment), the interest rate, and the loan term.
Does this include taxes and fees?: This calculator estimates loan payments based on your inputs. If your total price includes taxes and fees, include them in the vehicle price to account for them.
What is an amortization schedule for a car loan?: An amortization schedule shows how each payment is split between interest and principal and how your balance decreases over time.