What is Car Loan Calculator?
Splits the car price minus the down payment into equal monthly payments to calculate your payment and total interest. It also handles balloon loans that leave part of the amount for the final payment, and shows a table of principal, interest and balance by payment.
How to use
- 1
Enter the car price and down payment.
- 2
Enter the loan term and interest rate.
- 3
Check the monthly payment and total interest.
Use cases
Comparing loan terms
See the difference in monthly payment and total interest between 36 and 60 months.
Checking a balloon loan
See how much a 40% balloon lowers the monthly payment and how much more interest you pay.
FAQ
Is the information I enter saved?+
No. All calculations happen in your browser and nothing is stored or sent anywhere.