Car Loan Calculator is a tool to calculate the monthly payments for any auto loan. The auto loan calculator is useful for people who are looking to buy a car with a car loan.
Auto Loan Calculator Results |
|
| Loan Amount: | $25,000.00 |
Total Monthly Payment: |
$492.67 |
| Total # Of Payments: | 60 |
| Start Date: | Dec, 2024 |
| Payoff Date: | Nov, 2029 |
| Down Payment: | $5,000.00 |
| Trade In Value: | $0.00 |
| Sales Tax: | $0.00 |
| Other Fee: | $0.00 |
| Total Interest Paid: | $4,560.46 |
Total of All Costs: |
$34,560.46 |
Auto Loan Amortization Schedule |
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| Payment Date | Payment # | Interest | Principal | Total Payment | Balance | |
|---|---|---|---|---|---|---|
| Dec, 2024 | 1 | $141.67 | $351.01 | $492.67 | $24,648.99 | |
| Jan, 2025 | 2 | $139.68 | $353.00 | $492.67 | $24,296.00 | |
| Feb, 2025 | 3 | $137.68 | $355.00 | $492.67 | $23,941.00 | |
| Mar, 2025 | 4 | $135.67 | $357.01 | $492.67 | $23,583.99 | |
| Apr, 2025 | 5 | $133.64 | $359.03 | $492.67 | $23,224.96 | |
| May, 2025 | 6 | $131.61 | $361.07 | $492.67 | $22,863.89 | |
| Jun, 2025 | 7 | $129.56 | $363.11 | $492.67 | $22,500.78 | |
| Jul, 2025 | 8 | $127.50 | $365.17 | $492.67 | $22,135.61 | |
| Aug, 2025 | 9 | $125.44 | $367.24 | $492.67 | $21,768.37 | |
| Sep, 2025 | 10 | $123.35 | $369.32 | $492.67 | $21,399.05 | |
| Oct, 2025 | 11 | $121.26 | $371.41 | $492.67 | $21,027.64 | |
| Nov, 2025 | 12 | $119.16 | $373.52 | $492.67 | $20,654.12 | |
| Dec, 2025 | 13 | $117.04 | $375.63 | $492.67 | $20,278.48 | |
| Jan, 2026 | 14 | $114.91 | $377.76 | $492.67 | $19,900.72 | |
| Feb, 2026 | 15 | $112.77 | $379.90 | $492.67 | $19,520.82 | |
| Mar, 2026 | 16 | $110.62 | $382.06 | $492.67 | $19,138.76 | |
| Apr, 2026 | 17 | $108.45 | $384.22 | $492.67 | $18,754.54 | |
| May, 2026 | 18 | $106.28 | $386.40 | $492.67 | $18,368.14 | |
| Jun, 2026 | 19 | $104.09 | $388.59 | $492.67 | $17,979.55 | |
| Jul, 2026 | 20 | $101.88 | $390.79 | $492.67 | $17,588.76 | |
| Aug, 2026 | 21 | $99.67 | $393.00 | $492.67 | $17,195.76 | |
| Sep, 2026 | 22 | $97.44 | $395.23 | $492.67 | $16,800.53 | |
| Oct, 2026 | 23 | $95.20 | $397.47 | $492.67 | $16,403.06 | |
| Nov, 2026 | 24 | $92.95 | $399.72 | $492.67 | $16,003.33 | |
| Dec, 2026 | 25 | $90.69 | $401.99 | $492.67 | $15,601.34 | |
| Jan, 2027 | 26 | $88.41 | $404.27 | $492.67 | $15,197.08 | |
| Feb, 2027 | 27 | $86.12 | $406.56 | $492.67 | $14,790.52 | |
| Mar, 2027 | 28 | $83.81 | $408.86 | $492.67 | $14,381.66 | |
| Apr, 2027 | 29 | $81.50 | $411.18 | $492.67 | $13,970.48 | |
| May, 2027 | 30 | $79.17 | $413.51 | $492.67 | $13,556.97 | |
| Jun, 2027 | 31 | $76.82 | $415.85 | $492.67 | $13,141.12 | |
| Jul, 2027 | 32 | $74.47 | $418.21 | $492.67 | $12,722.91 | |
| Aug, 2027 | 33 | $72.10 | $420.58 | $492.67 | $12,302.33 | |
| Sep, 2027 | 34 | $69.71 | $422.96 | $492.67 | $11,879.37 | |
| Oct, 2027 | 35 | $67.32 | $425.36 | $492.67 | $11,454.01 | |
| Nov, 2027 | 36 | $64.91 | $427.77 | $492.67 | $11,026.25 | |
| Dec, 2027 | 37 | $62.48 | $430.19 | $492.67 | $10,596.05 | |
| Jan, 2028 | 38 | $60.04 | $432.63 | $492.67 | $10,163.42 | |
| Feb, 2028 | 39 | $57.59 | $435.08 | $492.67 | $9,728.34 | |
| Mar, 2028 | 40 | $55.13 | $437.55 | $492.67 | $9,290.80 | |
| Apr, 2028 | 41 | $52.65 | $440.03 | $492.67 | $8,850.77 | |
| May, 2028 | 42 | $50.15 | $442.52 | $492.67 | $8,408.25 | |
| Jun, 2028 | 43 | $47.65 | $445.03 | $492.67 | $7,963.22 | |
| Jul, 2028 | 44 | $45.12 | $447.55 | $492.67 | $7,515.67 | |
| Aug, 2028 | 45 | $42.59 | $450.09 | $492.67 | $7,065.59 | |
| Sep, 2028 | 46 | $40.04 | $452.64 | $492.67 | $6,612.95 | |
| Oct, 2028 | 47 | $37.47 | $455.20 | $492.67 | $6,157.75 | |
| Nov, 2028 | 48 | $34.89 | $457.78 | $492.67 | $5,699.97 | |
| Dec, 2028 | 49 | $32.30 | $460.37 | $492.67 | $5,239.59 | |
| Jan, 2029 | 50 | $29.69 | $462.98 | $492.67 | $4,776.61 | |
| Feb, 2029 | 51 | $27.07 | $465.61 | $492.67 | $4,311.00 | |
| Mar, 2029 | 52 | $24.43 | $468.25 | $492.67 | $3,842.76 | |
| Apr, 2029 | 53 | $21.78 | $470.90 | $492.67 | $3,371.86 | |
| May, 2029 | 54 | $19.11 | $473.57 | $492.67 | $2,898.29 | |
| Jun, 2029 | 55 | $16.42 | $476.25 | $492.67 | $2,422.04 | |
| Jul, 2029 | 56 | $13.72 | $478.95 | $492.67 | $1,943.09 | |
| Aug, 2029 | 57 | $11.01 | $481.66 | $492.67 | $1,461.43 | |
| Sep, 2029 | 58 | $8.28 | $484.39 | $492.67 | $977.04 | |
| Oct, 2029 | 59 | $5.54 | $487.14 | $492.67 | $489.90 | |
| Nov, 2029 | 60 | $2.78 | $489.90 | $492.67 | $0.00 | |
Compare Monthly vs. Bi-weekly |
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| Payment Frequency | Monthly | Bi-weekly | ||||
|---|---|---|---|---|---|---|
| Payments / Year | 12 | 26 | ||||
| Each Payment | $492.67 | $246.34 | ||||
| Total Interest | $4,560.46 | $4,091.75 | ||||
| Total Payment | $34,560.46 | $34,091.75 | Total Savings | $0 | $468.71 | |
| Payoff Date | Nov, 2029 | Jun, 2029 | ||||
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