Car Loan Amortization Calculator
Calculate your car loan monthly payment and see how the balance pays off month by month. Enter loan amount, interest rate, and term in months for total interest cost and a payoff chart.
How to use this tool
- Enter loan amount, annual interest rate and loan term in the fields above.
- Results update instantly as you type — or click Calculate.
- Read your monthly payment and the full breakdown beneath it.
Auto loans are typically 24–72 month installment loans with fixed monthly payments. The amortization schedule shows exactly how each dollar is split between repaying principal and paying interest.
Frequently asked questions
- Should I choose a shorter or longer loan term?
- Shorter terms mean higher monthly payments but far less total interest. A 36-month vs. 60-month loan on the same amount can save hundreds in interest.
- Does this include taxes, fees, or GAP insurance?
- No — enter only the financed amount (vehicle price minus down payment). Add fees to the principal if they are rolled into the loan.