Automotive
Car Loan Calculator
Estimate the amount financed, monthly car payment, total interest, and overall vehicle cost.
Car loan calculator
Monthly payment
$493.85
- Amount financed
- $25,000.00
- Total interest
- $4,631.08
- Total cost
- $33,631.08
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How it works
Enter the vehicle price, down payment, trade-in value, interest rate, and term. The financed amount is price minus down payment minus trade-in.
Formula
Amount financed = price − down payment − trade-in. Monthly payment uses standard amortizing-loan math on that amount.
Example
A $32,000 car with $4,000 down, a $3,000 trade-in, 6.9% interest, and 60 months finances $25,000 and costs about $494 per month.
Frequently asked questions
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