Auto Loan Calculator
Calculate your auto loan payments with our comprehensive car loan calculator. Determine monthly payments, total interest costs, and understand the full financial commitment of your next vehicle purchase.
Step 1: Vehicle & Loan Details
Understanding Loan Terms
A larger down payment reduces your loan amount and monthly payments. Consider your budget and financial goals when deciding how much to put down.
Step 2: Loan Terms & Taxes
60 months
5%
About Interest Rates
Interest rates vary based on credit score, loan term, and market conditions. A higher credit score typically results in a lower interest rate, saving you money over the life of the loan.
Auto Loan Results
Summary
Amortization
Breakdown
Your Estimated Monthly Payment
$754.05
For 60 months
Total Loan Amount
$39,743.03
Total Interest
$5,256.97
Sales Tax
$3,482.01
Upfront Payment
$15,482.01
Total of 60 Payments
$45,000.00
Total Cost
$60,482.01
Amortization Schedule
| Year | Interest | Principal | Ending Balance |
|---|
Payment Breakdown
Balance & Interest Over Time
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