Auto Loan Calculator
Find your monthly car payment and the total cost of the loan.
Monthly payment
Amount financed
Total interest
Total paid including down payment
How it works
The amount financed is the price plus sales tax, minus your down payment and trade-in. The payment uses the standard loan formula: L x r / (1 - (1 + r)^-n), with r as the monthly rate and n as the number of months.
Example: financing $30,000 at 7% for 60 months costs about $594 a month. A shorter term raises the payment but cuts the interest you pay.
Frequently asked questions
Is a shorter loan better?
It costs less in total interest, but the monthly payment is higher. Pick the term your budget can carry.
Are fees included?
No. Dealer and registration fees are not included unless you add them to the price.
More calculators
401(k) CalculatorSavings and investing50/30/20 Budget CalculatorEveryday toolsAPR to APY CalculatorSavings and investingAuto Loan CalculatorLoans and mortgageBMI Calculator (kg and cm)Everyday toolsBreak-Even CalculatorEveryday toolsCar Lease CalculatorLoans and mortgageCommission CalculatorSalary and payCompound Interest CalculatorSavings and investingContractor Day Rate Calculator (UK)Salary and payCredit Card Payoff CalculatorLoans and mortgageDebt-to-Income Ratio CalculatorLoans and mortgageDiscount CalculatorEveryday toolsDividend Yield CalculatorSavings and investingDown Payment CalculatorLoans and mortgageEmergency Fund CalculatorSavings and investingFuel Cost Calculator (L/100 km)Everyday toolsFuel Cost Calculator (MPG)Everyday toolsHome Equity CalculatorLoans and mortgageHourly to Salary CalculatorSalary and payInflation CalculatorSavings and investingLoan Payment CalculatorLoans and mortgageMarkup CalculatorEveryday toolsMortgage Affordability Calculator (UK)Loans and mortgageMortgage Overpayment CalculatorLoans and mortgageMortgage Payment CalculatorLoans and mortgageOvertime Pay CalculatorSalary and payPay Raise CalculatorSalary and payPercentage CalculatorEveryday toolsProfit Margin CalculatorEveryday toolsRent Affordability CalculatorEveryday toolsRetirement Savings CalculatorSavings and investingROI CalculatorSavings and investingRule of 72 CalculatorSavings and investingSalary to Hourly CalculatorSalary and paySales Tax CalculatorTaxSavings Goal CalculatorSavings and investingSavings Interest CalculatorSavings and investingSimple Interest CalculatorSavings and investingStock Profit CalculatorSavings and investingStudent Loan Payoff CalculatorLoans and mortgageTip CalculatorEveryday toolsUK Mortgage CalculatorLoans and mortgageVAT Calculator (Europe)TaxVAT Calculator (UK)Tax
Last updated October 2026. For information only, not financial advice.