Enter loan amount, APR, and term to see monthly payment and total interest over the life of the loan.
Total you're borrowing for your car
Yearly cost of your loan as a percentage
How long you have to pay back the loan
Monthly payment first, then the total loan cost.
Monthly Payment
$377.42
$2,645.20 total interest over 5 years
Estimated car payment
Add this payment to your monthly budget and debt-to-income check before you shop.
Borrowing $20,000.00 at 5% APR over 5 years means $377.42 per month and $22,645.20 total.
Total Cost Breakdown
Total cost: $22,645.20.
Enter the amount you will finance, the annual percentage rate (APR), and the term in years. If taxes, registration, or dealer fees will be financed, include them in the loan amount; otherwise this calculator leaves them out.
The tool amortizes the entered balance at a fixed APR across the chosen term to estimate the monthly payment. It also adds scheduled payments and subtracts principal to show estimated total interest.
Compare total interest and total paid along with the monthly payment. Stretching the same balance over more months may lower each payment while raising the overall cost. Insurance, fuel, repairs, and other ownership costs are outside this loan estimate.
The amortization assumes a fixed APR and equal on-time payments. A lender's payment schedule, fees, and financed add-ons may change the actual cost.
Sources: CFPB: Compare auto loan offers