Auto Loan Calculator

Our Auto Loan Calculator uses your loan amount, interest rate, loan term, and down payment to calculate your monthly payments. It factors in compound interest and provides a detailed amortization schedule showing how your payments break down between principal and interest over time.

Several factors affect your auto loan payment: the vehicle price, down payment amount, interest rate, loan term length, your credit score, and any trade-in value. Our calculator helps you understand how each of these factors impacts your monthly payment.

A longer loan term results in lower monthly payments but higher total interest costs. A shorter term means higher monthly payments but less interest paid overall. Use our calculator to compare different terms and find the right balance for your budget.

A typical down payment is 20% of the vehicle's price, but this can vary. A larger down payment reduces your loan amount and monthly payments. Use our calculator to see how different down payment amounts affect your monthly payments.

Yes, most auto loans can be paid off early. This can save you money on interest, but check if your loan has any prepayment penalties. Use our amortization schedule to see how extra payments affect your loan term and total interest paid.