Auto Loan Calculator (2026)
Estimated monthly payment
$534.63
- Amount financed
- $27,000.00
- Total interest
- $5,077.97
- Total of payments
- $32,077.97
Payment schedule by year
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $4,674 | $1,742 | $22,326 |
| 2 | $5,011 | $1,404 | $17,315 |
| 3 | $5,374 | $1,042 | $11,941 |
| 4 | $5,762 | $653 | $6,179 |
| 5 | $6,179 | $237 | $0 |
How we calculate this
Monthly payment = P × r ÷ (1 − (1 + r)−n), where P is the amount financed, r is the APR ÷ 12 and n is the number of months. At 0% APR the payment is P ÷ n. The final payment absorbs any rounding. See our methodology.
Start from the real price
Finance the out-the-door price, not the sticker. Use the out-the-door calculator or the sales tax calculator first. If the car is new and assembled in the US, the interest may be deductible: see the car loan interest deduction calculator.
Not sure what to spend? Start with the car affordability calculator, weigh a lease with the lease vs buy calculator, or check whether a lower rate is worth it with the auto refinance calculator.