Advanced Car Loan Calculator with taxes, extra payments, trade-in, and other options to calculate the monthly payments and total costs of car loans.
Auto Loan Calculator Results |
|
| Loan Amount: | $31,000.00 |
Total Monthly Payment: |
$601.12 |
| Total # Of Payments: | 60 |
| Start Date: | Mar, 2023 |
| Payoff Date: | Feb, 2028 |
| Down Payment: | $15,000.00 |
| Trade In Value: | $0.00 |
| Sales Tax: | $0.00 |
| Other Fee: | $0.00 |
| Total Interest Paid: | $5,067.22 |
Total of All Costs: |
$51,067.22 |
Auto Loan Amortization Schedule |
||||||
| Payment Date | Payment # | Interest | Principal | Total Payment | Balance | |
|---|---|---|---|---|---|---|
| Mar, 2023 | 1 | $158.23 | $442.89 | $601.12 | $30,557.11 | |
| Apr, 2023 | 2 | $155.97 | $445.15 | $601.12 | $30,111.96 | |
| May, 2023 | 3 | $153.70 | $447.42 | $601.12 | $29,664.53 | |
| Jun, 2023 | 4 | $151.41 | $449.71 | $601.12 | $29,214.83 | |
| Jul, 2023 | 5 | $149.12 | $452.00 | $601.12 | $28,762.82 | |
| Aug, 2023 | 6 | $146.81 | $454.31 | $601.12 | $28,308.51 | |
| Sep, 2023 | 7 | $144.49 | $456.63 | $601.12 | $27,851.88 | |
| Oct, 2023 | 8 | $142.16 | $458.96 | $601.12 | $27,392.92 | |
| Nov, 2023 | 9 | $139.82 | $461.30 | $601.12 | $26,931.62 | |
| Dec, 2023 | 10 | $137.46 | $463.66 | $601.12 | $26,467.96 | |
| Jan, 2024 | 11 | $135.10 | $466.02 | $601.12 | $26,001.94 | |
| Feb, 2024 | 12 | $132.72 | $468.40 | $601.12 | $25,533.54 | |
| Mar, 2024 | 13 | $130.33 | $470.79 | $601.12 | $25,062.75 | |
| Apr, 2024 | 14 | $127.92 | $473.20 | $601.12 | $24,589.55 | |
| May, 2024 | 15 | $125.51 | $475.61 | $601.12 | $24,113.94 | |
| Jun, 2024 | 16 | $123.08 | $478.04 | $601.12 | $23,635.90 | |
| Jul, 2024 | 17 | $120.64 | $480.48 | $601.12 | $23,155.42 | |
| Aug, 2024 | 18 | $118.19 | $482.93 | $601.12 | $22,672.49 | |
| Sep, 2024 | 19 | $115.72 | $485.40 | $601.12 | $22,187.09 | |
| Oct, 2024 | 20 | $113.25 | $487.87 | $601.12 | $21,699.22 | |
| Nov, 2024 | 21 | $110.76 | $490.36 | $601.12 | $21,208.86 | |
| Dec, 2024 | 22 | $108.25 | $492.87 | $601.12 | $20,715.99 | |
| Jan, 2025 | 23 | $105.74 | $495.38 | $601.12 | $20,220.61 | |
| Feb, 2025 | 24 | $103.21 | $497.91 | $601.12 | $19,722.70 | |
| Mar, 2025 | 25 | $100.67 | $500.45 | $601.12 | $19,222.24 | |
| Apr, 2025 | 26 | $98.11 | $503.01 | $601.12 | $18,719.24 | |
| May, 2025 | 27 | $95.55 | $505.57 | $601.12 | $18,213.66 | |
| Jun, 2025 | 28 | $92.97 | $508.15 | $601.12 | $17,705.51 | |
| Jul, 2025 | 29 | $90.37 | $510.75 | $601.12 | $17,194.76 | |
| Aug, 2025 | 30 | $87.76 | $513.36 | $601.12 | $16,681.40 | |
| Sep, 2025 | 31 | $85.14 | $515.98 | $601.12 | $16,165.43 | |
| Oct, 2025 | 32 | $82.51 | $518.61 | $601.12 | $15,646.82 | |
| Nov, 2025 | 33 | $79.86 | $521.26 | $601.12 | $15,125.56 | |
| Dec, 2025 | 34 | $77.20 | $523.92 | $601.12 | $14,601.65 | |
| Jan, 2026 | 35 | $74.53 | $526.59 | $601.12 | $14,075.06 | |
| Feb, 2026 | 36 | $71.84 | $529.28 | $601.12 | $13,545.78 | |
| Mar, 2026 | 37 | $69.14 | $531.98 | $601.12 | $13,013.80 | |
| Apr, 2026 | 38 | $66.42 | $534.70 | $601.12 | $12,479.10 | |
| May, 2026 | 39 | $63.70 | $537.42 | $601.12 | $11,941.68 | |
| Jun, 2026 | 40 | $60.95 | $540.17 | $601.12 | $11,401.51 | |
| Jul, 2026 | 41 | $58.20 | $542.93 | $601.12 | $10,858.58 | |
| Aug, 2026 | 42 | $55.42 | $545.70 | $601.12 | $10,312.89 | |
| Sep, 2026 | 43 | $52.64 | $548.48 | $601.12 | $9,764.40 | |
| Oct, 2026 | 44 | $49.84 | $551.28 | $601.12 | $9,213.12 | |
| Nov, 2026 | 45 | $47.03 | $554.10 | $601.12 | $8,659.03 | |
| Dec, 2026 | 46 | $44.20 | $556.92 | $601.12 | $8,102.10 | |
| Jan, 2027 | 47 | $41.35 | $559.77 | $601.12 | $7,542.34 | |
| Feb, 2027 | 48 | $38.50 | $562.62 | $601.12 | $6,979.72 | |
| Mar, 2027 | 49 | $35.63 | $565.49 | $601.12 | $6,414.22 | |
| Apr, 2027 | 50 | $32.74 | $568.38 | $601.12 | $5,845.84 | |
| May, 2027 | 51 | $29.84 | $571.28 | $601.12 | $5,274.56 | |
| Jun, 2027 | 52 | $26.92 | $574.20 | $601.12 | $4,700.36 | |
| Jul, 2027 | 53 | $23.99 | $577.13 | $601.12 | $4,123.23 | |
| Aug, 2027 | 54 | $21.05 | $580.07 | $601.12 | $3,543.16 | |
| Sep, 2027 | 55 | $18.08 | $583.04 | $601.12 | $2,960.12 | |
| Oct, 2027 | 56 | $15.11 | $586.01 | $601.12 | $2,374.11 | |
| Nov, 2027 | 57 | $12.12 | $589.00 | $601.12 | $1,785.11 | |
| Dec, 2027 | 58 | $9.11 | $592.01 | $601.12 | $1,193.10 | |
| Jan, 2028 | 59 | $6.09 | $595.03 | $601.12 | $598.07 | |
| Feb, 2028 | 60 | $3.05 | $598.07 | $601.12 | $0.00 | |
Compare Monthly vs. Bi-weekly |
||
| Payment Frequency | Monthly | Bi-weekly |
|---|---|---|
| Payments / Year | 12 | 26 |
| Each Payment | $601.12 | $300.56 |
| Total Interest | $5,067.22 | $4,556.38 |
| Total Payment | $51,067.22 | $50,556.38 | Total Savings | $0 | $510.84 |
| Payoff Date | Feb, 2028 | Oct, 2027 |
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