Auto Loan Calculator
Plan your next vehicle purchase with precision.
Vehicle & Loan Details
Vehicle Price
payments
Down Payment
savings
Trade-in Value
directions_car
Interest Rate (%)
percent
Loan Term
60 Months12243648607284
Estimated Monthly Payment
$522
Based on a $28,000 loan at 4.5% interest
Payment Breakdown
infoTotal
$33,770
Principal
$28,000Interest
$3,320Sales Tax
$2,450Total Interest Paid
$3,320
Total Cost
$33,770
Annual Amortization Schedule
| Year | Beginning Balance | Principal Paid | Interest Paid | Ending Balance |
|---|---|---|---|---|
| Year 1 | $28,000 | $5,108 | $1,155 | $22,891 |
| Year 2 | $22,891 | $5,343 | $920 | $17,548 |
| Year 3 | $17,548 | $5,588 | $675 | $11,959 |
| Year 4 | $11,959 | $5,845 | $418 | $6,114 |
| Year 5 | $6,114 | $6,114 | $150 | $0 |