Auto Loan Calculator
Estimate your monthly car payment, calculate total interest, and see how making extra payments can help you pay off your loan faster.
Auto Loan Amortization Schedule
This calculator includes a full amortization schedule (click "Show Amortization Schedule" after calculating). This table breaks down every monthly payment, showing exactly how much goes toward the principal balance versus interest charges. Use it to see how slowly the balance decreases at the start of the loan term.
Auto Loan Refinance Calculator
considering refinancing? You can use this tool as a refinance calculator:
- Enter your Current Payoff Amount as the "Vehicle Price".
- Enter your New Interest Rate and New Term.
- Leave "Down Payment" and "Trade-in" at 0.
Compare the resulting "Monthly Payment" to what you pay now. If it's lower (and the total interest cost is acceptable), refinancing might save you money.
How Extra Payments Save You Money
Making small extra payments toward your car loan principal can drastically shorten your loan term. For example, on a $30,000 loan at 6% for 60 months, paying just $50 extra per month could save you over $250 in interest and help you own your car 2-3 months sooner.