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Automotive

Car Loan Calculator

Estimate the amount financed, monthly car payment, total interest, and overall vehicle cost.

Car loan calculator

$
$
$
%
years

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.

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