Auto Loan Calculator
12 mo
84 mo
Monthly Payment
Loan Amount
Total Interest
Total Cost
Down Payment
Loan Balance Over Time
Amortization Schedule
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
1
Loan Amount: Vehicle Price − Down Payment + Trade-in Value = $ − $ + $ = $
2
Monthly Interest Rate: Annual Rate ÷ 12 = % ÷ 12 =
3
Monthly Payment Formula: PMT = P × r × (1+r)^n / ((1+r)^n − 1)
Where P = $, r = , n =
4
Total Interest: (Monthly Payment × Term) − Loan Amount = ($ × ) − $ = $