Auto Loan Calculators
Auto Loan Amortization Calculator
Produce a full month-by-month schedule for a car loan showing interest, principal and the balance outstanding.
Monthly payment
$519.75
- Total interest
- $5,185
- Total paid
- $31,185
- Interest as share of loan
- 19.9%
Auto loan schedule — yearly
| Year | Interest paid | Principal paid | Balance remaining |
|---|---|---|---|
| 1 | $1,775 | $4,462 | $21,538 |
| 2 | $1,433 | $4,804 | $16,734 |
| 3 | $1,065 | $5,172 | $11,562 |
| 4 | $669 | $5,568 | $5,994 |
| 5 | $243 | $5,994 | $0 |
How this calculator works
M = P × r ÷ (1 − (1 + r)^−n)
- P
- the amount financed
- r
- the monthly interest rate
- n
- the number of monthly payments
Important considerations
- Dealer add-ons rolled into the loan increase both the payment and the interest.
- Early payments are interest-heavy, which is why early payoff saves less than people expect.
Related calculators
- Auto Loan CalculatorMonthly vehicle payment after deposit, trade-in, tax and fees.
- Auto Loan Payoff CalculatorEarly payoff date and interest saved.
- Auto Refinance CalculatorSavings from refinancing a car loan.
- Car Affordability CalculatorThe car price a monthly budget supports.
- Lease vs Buy CalculatorTotal cost of leasing against buying.
- Car Depreciation CalculatorVehicle value year by year.
Learn more
Terms used here
Frequently asked questions
Why does the split change each month?
Interest is charged on the balance outstanding, which falls with every payment.
Disclaimer
Legamoney calculators are educational tools. Results are estimates based on the figures you enter and do not constitute financial, tax or legal advice.
Last reviewed 2026-08-01