Auto Loan Calculator
Monthly payment on a vehicle loan after your down payment.
Vehicle financing
Amount financed:
Monthly payment:
Total payments: · Interest paid:
How the payment is calculated
The amount financed (vehicle price minus your down payment) is repaid in equal monthly installments using the standard loan amortization formula, so every payment is the same size but the interest-versus-principal split shifts over the term, just like a mortgage.
Frequently asked questions
Does a bigger down payment always help? Yes — it lowers the amount financed, which reduces both the monthly payment and the total interest paid, and it can also help you qualify for a better APR by lowering the loan-to-value ratio.
Should I choose a shorter or longer loan term? A shorter term means higher monthly payments but far less total interest. A longer term lowers the payment but usually comes with a higher APR and more total interest — and increases the risk of owing more than the car is worth.
Does this include sales tax, title, or registration fees? No — those vary by state and are commonly rolled into the amount financed. Add them to the vehicle price first if you want them reflected in the payment.