Estimate an auto loan using the vehicle price, down payment, trade-in credit, sales tax, registration costs, fees, interest rate, and loan term. The results separate the amount financed, monthly payment, total interest, and full vehicle financing cost.
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Auto Loan
Monthly Payment: $447.43
Total Loan Amount: $24,000.00
Sale Tax: $2,100.00
Upfront Payment: $8,400.00
Total of 60 Loan Payments: $26,845.95
Total Loan Interest: $2,845.95
Total Cost (price, interest, tax, fees): $35,245.95
Interest
Principal
| # | BEGINNING BALANCE | INTEREST | PRINCIPAL | ENDING BALANCE |
|---|---|---|---|---|
| 1 | $24,000.00 | $90.00 | $357.43 | $23,642.57 |
| 2 | $23,642.57 | $88.66 | $358.77 | $23,283.79 |
| 3 | $23,283.79 | $87.31 | $360.12 | $22,923.68 |
| 4 | $22,923.68 | $85.96 | $361.47 | $22,562.21 |
| 5 | $22,562.21 | $84.61 | $362.82 | $22,199.38 |
| 6 | $22,199.38 | $83.25 | $364.18 | $21,835.20 |
| 7 | $21,835.20 | $81.88 | $365.55 | $21,469.65 |
| 8 | $21,469.65 | $80.51 | $366.92 | $21,102.73 |
| 9 | $21,102.73 | $79.14 | $368.30 | $20,734.43 |
| 10 | $20,734.43 | $77.75 | $369.68 | $20,364.75 |
| 11 | $20,364.75 | $76.37 | $371.06 | $19,993.69 |
| 12 | $19,993.69 | $74.98 | $372.46 | $19,621.23 |
| Year 1 End | ||||
| 13 | $19,621.23 | $73.58 | $373.85 | $19,247.38 |
| 14 | $19,247.38 | $72.18 | $375.25 | $18,872.12 |
| 15 | $18,872.12 | $70.77 | $376.66 | $18,495.46 |
| 16 | $18,495.46 | $69.36 | $378.07 | $18,117.39 |
| 17 | $18,117.39 | $67.94 | $379.49 | $17,737.89 |
| 18 | $17,737.89 | $66.52 | $380.92 | $17,356.98 |
| 19 | $17,356.98 | $65.09 | $382.34 | $16,974.64 |
| 20 | $16,974.64 | $63.65 | $383.78 | $16,590.86 |
| 21 | $16,590.86 | $62.22 | $385.22 | $16,205.64 |
| 22 | $16,205.64 | $60.77 | $386.66 | $15,818.98 |
| 23 | $15,818.98 | $59.32 | $388.11 | $15,430.87 |
| 24 | $15,430.87 | $57.87 | $389.57 | $15,041.30 |
| Year 2 End | ||||
| 25 | $15,041.30 | $56.40 | $391.03 | $14,650.27 |
| 26 | $14,650.27 | $54.94 | $392.49 | $14,257.78 |
| 27 | $14,257.78 | $53.47 | $393.97 | $13,863.81 |
| 28 | $13,863.81 | $51.99 | $395.44 | $13,468.37 |
| 29 | $13,468.37 | $50.51 | $396.93 | $13,071.45 |
| 30 | $13,071.45 | $49.02 | $398.41 | $12,673.03 |
| 31 | $12,673.03 | $47.52 | $399.91 | $12,273.12 |
| 32 | $12,273.12 | $46.02 | $401.41 | $11,871.71 |
| 33 | $11,871.71 | $44.52 | $402.91 | $11,468.80 |
| 34 | $11,468.80 | $43.01 | $404.42 | $11,064.38 |
| 35 | $11,064.38 | $41.49 | $405.94 | $10,658.43 |
| 36 | $10,658.43 | $39.97 | $407.46 | $10,250.97 |
| Year 3 End | ||||
| 37 | $10,250.97 | $38.44 | $408.99 | $9,841.98 |
| 38 | $9,841.98 | $36.91 | $410.53 | $9,431.45 |
| 39 | $9,431.45 | $35.37 | $412.06 | $9,019.39 |
| 40 | $9,019.39 | $33.82 | $413.61 | $8,605.78 |
| 41 | $8,605.78 | $32.27 | $415.16 | $8,190.62 |
| 42 | $8,190.62 | $30.71 | $416.72 | $7,773.90 |
| 43 | $7,773.90 | $29.15 | $418.28 | $7,355.62 |
| 44 | $7,355.62 | $27.58 | $419.85 | $6,935.77 |
| 45 | $6,935.77 | $26.01 | $421.42 | $6,514.35 |
| 46 | $6,514.35 | $24.43 | $423.00 | $6,091.35 |
| 47 | $6,091.35 | $22.84 | $424.59 | $5,666.76 |
| 48 | $5,666.76 | $21.25 | $426.18 | $5,240.57 |
| Year 4 End | ||||
| 49 | $5,240.57 | $19.65 | $427.78 | $4,812.79 |
| 50 | $4,812.79 | $18.05 | $429.38 | $4,383.41 |
| 51 | $4,383.41 | $16.44 | $430.99 | $3,952.41 |
| 52 | $3,952.41 | $14.82 | $432.61 | $3,519.80 |
| 53 | $3,519.80 | $13.20 | $434.23 | $3,085.57 |
| 54 | $3,085.57 | $11.57 | $435.86 | $2,649.71 |
| 55 | $2,649.71 | $9.94 | $437.50 | $2,212.21 |
| 56 | $2,212.21 | $8.30 | $439.14 | $1,773.08 |
| 57 | $1,773.08 | $6.65 | $440.78 | $1,332.29 |
| 58 | $1,332.29 | $5.00 | $442.44 | $889.86 |
| 59 | $889.86 | $3.34 | $444.10 | $445.76 |
| 60 | $445.76 | $1.67 | $445.76 | $0.00 |
| Year 5 End | ||||
Review the inputs, outputs, calculation method, and formulas used by this tool.
The net vehicle cost, tax, and fees determine the financed principal, which is amortized with equal monthly payments.
P = (Price − Trade-in) × (1 + Tax rate) + Fees − Down payment
PMT = P × r(1 + r)^n / ((1 + r)^n − 1)
Symbols refer to the corresponding input and result labels shown above.
Enter your figures, choose any available options, and select Calculate. You can change the inputs as often as you like to compare scenarios.
Results are estimates for education and planning. Taxes, lender rules, fees, and investment returns can vary, so verify important decisions with a qualified professional.