Car Loan Calculator

Use this car loan calculator to estimate your monthly car loan payments, total payment, and total interest based on the loan amount, interest rate, and loan term.

When financing a car, it's recommended to put down at least 20% of the car's price as a down payment to reduce your loan amount and potentially get better interest rates.

Enter Loan Details
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Results
Monthly Payment
$377.42
Total Principal
$20,000.00
Total Interest
$2,645.20
Total Payment
$22,645.20
Total Cost Breakdown
  • Interest Paid: $2,645.20
  • Loan Amount: $20,000.00
Total Cost: $22,645.20 — The car will cost you $2,645.20 more due to interest.