Finance Tools

Car Loan Calculator

Estimate your monthly car loan payment based on vehicle price, down payment, interest rate, and loan term.

Enter your car price, down payment, interest rate, and loan term to estimate your monthly car loan payment.

Car priceDown paymentAnnual interest rate (%)Term (years)

How to use this car loan calculator

Enter the car price or the total purchase price of the vehicle.
Enter the down payment you plan to pay upfront (if any).
Enter the annual interest rate for your car loan.
Enter the loan term in years.
Click Calculate to see the estimated loan amount, monthly payment, total interest, and total amount paid over the life of the loan.

For example, suppose you buy a car for $30,000, pay $5,000 down, take a 5-year loan at 5.5% interest. This calculator will show you:

Your effective loan amount after subtracting the $5,000 down payment.
Your estimated monthly car payment based on the interest rate and term.
The total interest you will pay over the 5-year loan.
The total amount you will have paid for the car including principal and interest.