Financial calculator
Car Loan Calculator
Estimate car loan payments and total interest from loan amount, a nominal annual rate, and term. This tool does not calculate APR.
Build your scenario
Use your actual figures where available. The output is an educational estimate based on the assumptions below.
FINANCIAL ESTIMATE
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PrincipalInterest
Total repayment—
Total interest—
Number of payments—
First payment to interest—
First payment to principal—
Results are estimates for education. Actual terms, rates, taxes, fees, compounding, and lender or investment conditions can change the outcome.
How this car loan calculator works
Try changing the term to see how a lower payment can change the amount of interest paid over the life of the loan.
Important: Review the assumptions shown under each input. Changing one assumption can materially change the result.
When to use this calculator
- Compare financed amount, term and a quoted nominal rate before you sign.
- See how a longer term lowers the payment but usually raises total interest.
- Remember dealer fees, tax and add-ons are only included if you put them in the amount financed.
Related education
Read the guide → Browse all financial guides →
Frequently asked questions
Is this an APR calculator?
No. The rate is a nominal annual rate applied monthly. APR can include fees this tool does not add.
Should I finance extras into the loan?
If you do, raise the amount financed. Otherwise the payment understates the real obligation.
Why might a dealer payment differ?
Dealers may add documentation fees, warranties, tax, insurance or a different day-count method.