Auto Loan Calculator
Find your monthly car payment and the total interest you'll pay.
Estimates for educational purposes only — not financial, tax, or investment advice.
What goes into your car payment
Your monthly auto payment is set by the amount financed (price minus down payment and trade-in), the interest rate, and the loan term in months. A longer term lowers the monthly payment but increases the total interest you pay — sometimes by thousands of dollars over the life of the loan.
Shorter term vs lower payment
Stretching a loan to 72 or 84 months makes the monthly number look friendly, but you pay far more interest and risk owing more than the car is worth. Compare a 48- and 60-month term above to see the trade-off before you sign.
Frequently asked questions
Does this include tax and registration?
No. This shows principal and interest on the financed amount. Sales tax, registration and dealer fees vary by state and are often rolled into the loan, which raises the amount financed.
How can I lower my car payment?
A larger down payment, a higher trade-in, a shorter loan with a lower rate, or shopping financing from your own bank or credit union all reduce what you pay.