Car Loan Calculator
Calculate your monthly car payment, total interest, and total cost from the vehicle price, down payment, rate, and term.
Monthly payment
$553.11
Loan amount
$28,000.00
Total interest
$5,186.81
How the Car Loan Calculator works
Enter the vehicle price, any down payment or trade-in value, the interest rate, and loan term. The calculator subtracts your down payment and trade-in to find the loan amount, then applies the standard amortization formula to estimate your monthly payment and total interest.
Frequently asked questions
Does this include tax, title, and fees?
No — enter the out-the-door price (including any fees you're financing) as the vehicle price for the most accurate payment estimate.
How does a trade-in affect my payment?
Your trade-in value is subtracted from the vehicle price before calculating your loan amount, just like a down payment, lowering your monthly payment.
Is a longer loan term always worse?
A longer term lowers your monthly payment but increases total interest paid and the risk of owing more than the car is worth. Compare a few term lengths to see the trade-off.