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Got a question that involves number crunching? Use the calculators on this page to find the mathematical answer to the most commonly asked number-crunching questions, and see your inputs displayed next to the graph, chart, and/or table output in a side-by-side display.

Calculator: Print This Page
Auto Loan Payment Calculator

Before buying a new or used car, it's likely that many questions will arise, particularly in regard to financing. For example:

What will the monthly payment be?

How will the loan term affect the monthly payment (e.g., 3-year, 6-year)?

How will the interest rate affect the monthly payment?

This calculator can be used to answer these questions and illustrate key issues.

Enter the required values to calculate the monthly payment, and select the desired output. An annual amortization table and two charts comparing principal and interest payments can be generated.

Auto Loan Payment Calculator Results
Monthly payment: $359.37Total payments: $21,562Total interest: $1,562

Your monthly payment is: $359

This chart shows the part of your yearly payments that is applied to interest and the part that is applied to principal.

Over time, though your payments stay the same, the interest portion decreases, and the principal portion increases.

Over the term of your loan you have total payments of $21,562, of which $1,562 is interest payments.


  • Calculation assumes constant monthly payments over the life of the loan, monthly calculation of interest on the remaining unpaid principal, and no prepayment. Only principal and interest payments are included; property tax and/or insurance payments are not included.
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 Germaine C. Cordes, ChFC® is a Registered Representative with Securities America, Inc. Member FINRA/SIPC and Investment Advisor Representative with Securities America Advisors, Inc. Lifetime Capital Financial Group and the Securities America companies are separate entities. CA Insurance License 0D56266.

This site is published for residents of the United States and is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security or product that may be referenced herein. Persons mentioned on this website may only offer services and transact business and/or respond to inquiries in states or jurisdictions in which they have been properly registered or are exempt from registration. Not all products and services referenced on this site are available in every state, jurisdiction or from every person listed.

This communication is strictly intended for individuals residing in the state(s) of CA, ID, IL and NV. No offers may be made or accepted from any resident outside the specific states referenced.

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