﻿ Auto Loan Calculator
Home > Financial >Auto Loan Calculator

# Auto Loan Calculatorr

Input

There are two input methods to choose from in this calculator.
1. Input the auto price as the base loan amount to calculate your monthly payments and interests;
2. Input the monthly payment budget you set to calculate the proper loan amount and interest.

Auto Price
Loan Term
Months
Interest Rate
%
Down Payment

We will populate the default sale tax, DMV and median Doc fee based on the state you selected.

Sales Tax
%
Calculated Results
Monthly Pay 401.34
Total Loan Amount21,527.50
DMV Fee96.50
Doc Fee231.00
Sales Tax1,200.00
Sales Tax Base20,000
Total Interest 2,552.76
##### Related
Auto Cash Back vs Lower Rate Auto Lease Calculator Auto Refinance Calculator

#### Amortization Schedule

Year Beginning Balance Interest Payment Principal Payment Ending Balance
121,527.50888.393,927.6617,599.84
Month121,527.5080.73320.6121,206.89
Month221,206.8979.53321.8120,885.08
Month320,885.0878.32323.0220,562.06
Month420,562.0677.11324.2320,237.83
Month520,237.8375.89325.4519,912.38
Month619,912.3874.67326.6719,585.72
Month719,585.7273.45327.8919,257.83
Month819,257.8372.22329.1218,928.71
Month918,928.7170.98330.3518,598.35
Month1018,598.3569.74331.5918,266.76
Month1118,266.7668.50332.8417,933.92
Month1217,933.9267.25334.0917,599.84
217,599.84707.954,108.1013,491.73
Month1317,599.8466.00335.3417,264.50
Month1417,264.5064.74336.6016,927.90
Month1516,927.9063.48337.8616,590.04
Month1616,590.0462.21339.1216,250.92
Month1716,250.9260.94340.4015,910.52
Month1815,910.5259.66341.6715,568.85
Month1915,568.8558.38342.9515,225.89
Month2015,225.8957.10344.2414,881.65
Month2114,881.6555.81345.5314,536.12
Month2214,536.1254.51346.8314,189.30
Month2314,189.3053.21348.1313,841.17
Month2413,841.1751.90349.4313,491.73
313,491.73519.224,296.839,194.91
Month2513,491.7350.59350.7413,140.99
Month2613,140.9949.28352.0612,788.93
Month2712,788.9347.96353.3812,435.55
Month2812,435.5546.63354.7012,080.85
Month2912,080.8545.30356.0311,724.81
Month3011,724.8143.97357.3711,367.44
Month3111,367.4442.63358.7111,008.73
Month3211,008.7341.28360.0510,648.68
Month3310,648.6839.93361.4110,287.27
Month3410,287.2738.58362.769,924.51
Month359,924.5137.22364.129,560.39
Month369,560.3935.85365.499,194.91
49,194.91321.834,494.224,700.69
Month379,194.9134.48366.868,828.05
Month388,828.0533.11368.238,459.82
Month398,459.8231.72369.618,090.21
Month408,090.2130.34371.007,719.21
Month417,719.2128.95372.397,346.82
Month427,346.8227.55373.796,973.03
Month436,973.0326.15375.196,597.84
Month446,597.8424.74376.606,221.24
Month456,221.2423.33378.015,843.24
Month465,843.2421.91379.435,463.81
Month475,463.8120.49380.855,082.96
Month485,082.9619.06382.284,700.69
54,700.69115.374,700.69-0.00
Month494,700.6917.63383.714,316.98
Month504,316.9816.19385.153,931.83
Month513,931.8314.74386.593,545.23
Month523,545.2313.29388.043,157.19
Month533,157.1911.84389.502,767.69
Month542,767.6910.38390.962,376.73
Month552,376.738.91392.421,984.31
Month561,984.317.44393.901,590.41
Month571,590.415.96395.371,195.04
Month581,195.044.48396.86798.18
Month59798.182.99398.34399.84
Month60399.841.50399.84-0.00

#### How to calcculate monthly payment for an auto loan

The monthly payment of an auto loan is calculated based on the following formula: $mp = Amount \frac{Rate(1+Rate)^{Term}}{(1+Rate)^{Term} - 1}$ Where Amount is the total loan amount that is: Price + Tax - Downpayment. If you include the fees into loan, the total fee amount will be added into the total loan amount.
Rate is the monthly interest rate that is calculcated by using annual interest rate divided by 12.
Term is number of month of the loan term.