Advanced Auto Loan Calculator
Calculate your monthly payments, total interest, and loan amortization
Vehicle Details
Loan Terms
Additional Costs
Estimated Monthly Payment
$459.48
Principal & Interest
$459
Sales Tax
$32
Fees
$42
Total Interest Paid
$3,568.60
Total Loan Cost
$27,568.60
Payoff Date
May 2028
Amortization Schedule
Auto Loan Calculator FAQs
How is the monthly payment calculated?
The monthly payment is calculated using the loan amount, interest rate, and loan term. It includes principal and interest, and optionally taxes and fees if you choose to include them in the loan.
Should I include taxes and fees in the loan?
Including taxes and fees gives you a more accurate estimate of your total monthly payment. Many lenders allow you to roll these costs into your loan, but it will increase your total interest paid.
How can I reduce my total interest paid?
You can reduce total interest by: 1) Making a larger down payment, 2) Choosing a shorter loan term, 3) Getting a lower interest rate, or 4) Making extra payments toward principal.