Car Payment Calculator is a tool to calculate the monthly payment for car loans. The auto loan payment calculator shows borrowers how much they need to pay monthly and how much interest they will pay throughout the term of their car loan.
Car Payment Information |
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| Loan Amount: | $23,000.00 | |||||
Total Monthly Payment: |
$446.26 |
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| Total # Of Payments: | 60 | |||||
| Start Date: | Nov, 2024 | |||||
| Payoff Date: | Oct, 2029 | |||||
| Down Payment: | $12,000.00 | |||||
| Trade In Value: | $0.00 | |||||
| Sales Tax: | $0.00 | |||||
| Other Fee: | $0.00 | |||||
| Total Interest Paid: | $3,775.62 | |||||
Total of All Costs: |
$38,775.62 |
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Car Payment Amortization Schedule |
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| Payment Date | Payment # | Interest | Principal | Total Payment | Balance | |
|---|---|---|---|---|---|---|
| Nov, 2024 | 1 | $117.88 | $328.39 | $446.26 | $22,671.61 | |
| Dec, 2024 | 2 | $116.19 | $330.07 | $446.26 | $22,341.55 | |
| Jan, 2025 | 3 | $114.50 | $331.76 | $446.26 | $22,009.79 | |
| Feb, 2025 | 4 | $112.80 | $333.46 | $446.26 | $21,676.33 | |
| Mar, 2025 | 5 | $111.09 | $335.17 | $446.26 | $21,341.16 | |
| Apr, 2025 | 6 | $109.37 | $336.89 | $446.26 | $21,004.27 | |
| May, 2025 | 7 | $107.65 | $338.61 | $446.26 | $20,665.66 | |
| Jun, 2025 | 8 | $105.91 | $340.35 | $446.26 | $20,325.31 | |
| Jul, 2025 | 9 | $104.17 | $342.09 | $446.26 | $19,983.21 | |
| Aug, 2025 | 10 | $102.41 | $343.85 | $446.26 | $19,639.37 | |
| Sep, 2025 | 11 | $100.65 | $345.61 | $446.26 | $19,293.76 | |
| Oct, 2025 | 12 | $98.88 | $347.38 | $446.26 | $18,946.38 | |
| Nov, 2025 | 13 | $97.10 | $349.16 | $446.26 | $18,597.22 | |
| Dec, 2025 | 14 | $95.31 | $350.95 | $446.26 | $18,246.27 | |
| Jan, 2026 | 15 | $93.51 | $352.75 | $446.26 | $17,893.52 | |
| Feb, 2026 | 16 | $91.70 | $354.56 | $446.26 | $17,538.96 | |
| Mar, 2026 | 17 | $89.89 | $356.37 | $446.26 | $17,182.59 | |
| Apr, 2026 | 18 | $88.06 | $358.20 | $446.26 | $16,824.39 | |
| May, 2026 | 19 | $86.23 | $360.04 | $446.26 | $16,464.36 | |
| Jun, 2026 | 20 | $84.38 | $361.88 | $446.26 | $16,102.48 | |
| Jul, 2026 | 21 | $82.53 | $363.74 | $446.26 | $15,738.74 | |
| Aug, 2026 | 22 | $80.66 | $365.60 | $446.26 | $15,373.14 | |
| Sep, 2026 | 23 | $78.79 | $367.47 | $446.26 | $15,005.67 | |
| Oct, 2026 | 24 | $76.90 | $369.36 | $446.26 | $14,636.31 | |
| Nov, 2026 | 25 | $75.01 | $371.25 | $446.26 | $14,265.06 | |
| Dec, 2026 | 26 | $73.11 | $373.15 | $446.26 | $13,891.91 | |
| Jan, 2027 | 27 | $71.20 | $375.06 | $446.26 | $13,516.85 | |
| Feb, 2027 | 28 | $69.27 | $376.99 | $446.26 | $13,139.86 | |
| Mar, 2027 | 29 | $67.34 | $378.92 | $446.26 | $12,760.94 | |
| Apr, 2027 | 30 | $65.40 | $380.86 | $446.26 | $12,380.08 | |
| May, 2027 | 31 | $63.45 | $382.81 | $446.26 | $11,997.27 | |
| Jun, 2027 | 32 | $61.49 | $384.77 | $446.26 | $11,612.49 | |
| Jul, 2027 | 33 | $59.51 | $386.75 | $446.26 | $11,225.75 | |
| Aug, 2027 | 34 | $57.53 | $388.73 | $446.26 | $10,837.02 | |
| Sep, 2027 | 35 | $55.54 | $390.72 | $446.26 | $10,446.30 | |
| Oct, 2027 | 36 | $53.54 | $392.72 | $446.26 | $10,053.58 | |
| Nov, 2027 | 37 | $51.52 | $394.74 | $446.26 | $9,658.84 | |
| Dec, 2027 | 38 | $49.50 | $396.76 | $446.26 | $9,262.08 | |
| Jan, 2028 | 39 | $47.47 | $398.79 | $446.26 | $8,863.29 | |
| Feb, 2028 | 40 | $45.42 | $400.84 | $446.26 | $8,462.45 | |
| Mar, 2028 | 41 | $43.37 | $402.89 | $446.26 | $8,059.56 | |
| Apr, 2028 | 42 | $41.31 | $404.96 | $446.26 | $7,654.61 | |
| May, 2028 | 43 | $39.23 | $407.03 | $446.26 | $7,247.58 | |
| Jun, 2028 | 44 | $37.14 | $409.12 | $446.26 | $6,838.46 | |
| Jul, 2028 | 45 | $35.05 | $411.21 | $446.26 | $6,427.25 | |
| Aug, 2028 | 46 | $32.94 | $413.32 | $446.26 | $6,013.93 | |
| Sep, 2028 | 47 | $30.82 | $415.44 | $446.26 | $5,598.49 | |
| Oct, 2028 | 48 | $28.69 | $417.57 | $446.26 | $5,180.92 | |
| Nov, 2028 | 49 | $26.55 | $419.71 | $446.26 | $4,761.21 | |
| Dec, 2028 | 50 | $24.40 | $421.86 | $446.26 | $4,339.35 | |
| Jan, 2029 | 51 | $22.24 | $424.02 | $446.26 | $3,915.33 | |
| Feb, 2029 | 52 | $20.07 | $426.19 | $446.26 | $3,489.14 | |
| Mar, 2029 | 53 | $17.88 | $428.38 | $446.26 | $3,060.76 | |
| Apr, 2029 | 54 | $15.69 | $430.57 | $446.26 | $2,630.18 | |
| May, 2029 | 55 | $13.48 | $432.78 | $446.26 | $2,197.40 | |
| Jun, 2029 | 56 | $11.26 | $435.00 | $446.26 | $1,762.40 | |
| Jul, 2029 | 57 | $9.03 | $437.23 | $446.26 | $1,325.18 | |
| Aug, 2029 | 58 | $6.79 | $439.47 | $446.26 | $885.71 | |
| Sep, 2029 | 59 | $4.54 | $441.72 | $446.26 | $443.98 | |
| Oct, 2029 | 60 | $2.28 | $443.98 | $446.26 | $0.00 | |
Compare Monthly vs. Bi-weekly |
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| Payment Frequency | Monthly | Bi-weekly | ||||
|---|---|---|---|---|---|---|
| Payments / Year | 12 | 26 | ||||
| Each Payment | $446.26 | $223.13 | ||||
| Total Interest | $3,775.62 | $3,394.72 | ||||
| Total Payment | $38,775.62 | $38,394.72 | Total Savings | $0 | $380.90 | |
| Payoff Date | Oct, 2029 | May, 2029 | ||||
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