Calculyn

Auto Loan Calculator

Calculate your monthly car payment and total interest.

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Results update as you type.

Your monthly car payment

$636/ month
Amount financed
$32,100
Total interest
$6,037
Total cost
$43,137
  • Principal84%
  • Interest16%
Your monthly car payment$636

Loan results are estimates and not financial advice. Your lender's terms, fees and rate determine your real payments.

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How it works

Your car payment depends on the amount financed (price plus tax, minus down payment and trade-in), the interest rate, and the number of months.

Formula

M = P × r ÷ (1 − (1 + r)⁻ⁿ)

Example

A $35,000 car with $5,000 down at 7% for 60 months costs about $634 per month before tax.

Assumptions & limitations

  • Fixed rate and on-time payments.
  • Excludes origination fees, late fees and penalties unless entered.

Frequently asked questions

Is a longer loan better?

Longer loans lower the monthly payment but increase total interest, and you may owe more than the car is worth.