Loan Calculator
Use it as a car loan calculator, auto loan calculator, or personal loan calculator. Enter the price, any down payment or trade-in, and see your monthly payment and full amortization schedule instantly.
Nothing you enter is sent to or stored by us. This runs entirely in your browser. Share puts your numbers in the link itself, so anyone who opens it can see them.
View amortization schedule (year by year)
| Year | Principal Paid | Interest Paid | Ending Balance |
|---|
Common questions
Does this work as an auto loan calculator?
Yes. Enter the car price, subtract any down payment or trade-in value, and this calculator gives your exact monthly car payment using the same math a dealership or lender uses.
What is a loan amortization schedule?
An amortization schedule shows how each payment splits between interest and principal over the life of the loan. Early payments are mostly interest; later payments are mostly principal. This amortization calculator shows this month's split above, in the "This month" breakdown.
How is my loan payment calculated?
Your monthly payment is based on the amount financed, your interest rate (APR), and your loan term, using the standard amortization formula lenders use for auto loans, personal loans, and most fixed-rate loans.
What's the difference between interest rate and APR?
The interest rate is the cost of borrowing the principal. APR includes the interest rate plus most lender fees, giving a more complete picture of the loan's real annual cost. Use APR for the most accurate estimate here.
How much should my down payment be?
There's no fixed rule, but a larger down payment or trade-in lowers the amount financed, your monthly payment, and your total interest. Try a few amounts above to compare.
What's the best way to get approved for a lower interest rate?
Check your credit score first, get quotes from your own bank or credit union before visiting a dealership, and compare at least two offers using the amount you actually plan to finance.