Loan Calculator
Loan Summary
Early Payoff Simulation
Amortization Schedule
This table shows how each payment is split between principal and interest, and how your loan balance decreases over time.
| Payment # | Payment Amount | Principal | Interest | Remaining Balance | Total Interest Paid |
|---|---|---|---|---|---|
| 1 | $372.86 | $297.86 | $75.00 | $19,702.14 | $75.00 |
| 2 | $372.86 | $298.98 | $73.88 | $19,403.16 | $148.88 |
| 3 | $372.86 | $300.10 | $72.76 | $19,103.06 | $221.64 |
| 4 | $372.86 | $301.22 | $71.64 | $18,801.84 | $293.28 |
| 5 | $372.86 | $302.35 | $70.51 | $18,499.49 | $363.79 |
| 6 | $372.86 | $303.49 | $69.37 | $18,196.00 | $433.16 |
| 7 | $372.86 | $304.63 | $68.23 | $17,891.37 | $501.40 |
| 8 | $372.86 | $305.77 | $67.09 | $17,585.61 | $568.49 |
| 9 | $372.86 | $306.91 | $65.95 | $17,278.69 | $634.44 |
| 10 | $372.86 | $308.07 | $64.80 | $16,970.63 | $699.23 |
| 11 | $372.86 | $309.22 | $63.64 | $16,661.41 | $762.87 |
| 12 | $372.86 | $310.38 | $62.48 | $16,351.03 | $825.35 |
| 13 | $372.86 | $311.54 | $61.32 | $16,039.48 | $886.67 |
| 14 | $372.86 | $312.71 | $60.15 | $15,726.77 | $946.81 |
| 15 | $372.86 | $313.89 | $58.98 | $15,412.88 | $1,005.79 |
| 16 | $372.86 | $315.06 | $57.80 | $15,097.82 | $1,063.59 |
| 17 | $372.86 | $316.24 | $56.62 | $14,781.58 | $1,120.21 |
| 18 | $372.86 | $317.43 | $55.43 | $14,464.15 | $1,175.64 |
| 19 | $372.86 | $318.62 | $54.24 | $14,145.53 | $1,229.88 |
| 20 | $372.86 | $319.81 | $53.05 | $13,825.71 | $1,282.92 |
| 21 | $372.86 | $321.01 | $51.85 | $13,504.70 | $1,334.77 |
| 22 | $372.86 | $322.22 | $50.64 | $13,182.48 | $1,385.41 |
| 23 | $372.86 | $323.43 | $49.43 | $12,859.06 | $1,434.85 |
| 24 | $372.86 | $324.64 | $48.22 | $12,534.42 | $1,483.07 |
| 25 | $372.86 | $325.86 | $47.00 | $12,208.56 | $1,530.07 |
| 26 | $372.86 | $327.08 | $45.78 | $11,881.48 | $1,575.85 |
| 27 | $372.86 | $328.30 | $44.56 | $11,553.18 | $1,620.41 |
| 28 | $372.86 | $329.54 | $43.32 | $11,223.64 | $1,663.73 |
| 29 | $372.86 | $330.77 | $42.09 | $10,892.87 | $1,705.82 |
| 30 | $372.86 | $332.01 | $40.85 | $10,560.86 | $1,746.67 |
| 31 | $372.86 | $333.26 | $39.60 | $10,227.60 | $1,786.27 |
| 32 | $372.86 | $334.51 | $38.35 | $9,893.09 | $1,824.63 |
| 33 | $372.86 | $335.76 | $37.10 | $9,557.33 | $1,861.73 |
| 34 | $372.86 | $337.02 | $35.84 | $9,220.31 | $1,897.57 |
| 35 | $372.86 | $338.28 | $34.58 | $8,882.03 | $1,932.14 |
| 36 | $372.86 | $339.55 | $33.31 | $8,542.48 | $1,965.45 |
| 37 | $372.86 | $340.83 | $32.03 | $8,201.65 | $1,997.48 |
| 38 | $372.86 | $342.10 | $30.76 | $7,859.55 | $2,028.24 |
| 39 | $372.86 | $343.39 | $29.47 | $7,516.16 | $2,057.71 |
| 40 | $372.86 | $344.67 | $28.19 | $7,171.48 | $2,085.90 |
| 41 | $372.86 | $345.97 | $26.89 | $6,825.52 | $2,112.79 |
| 42 | $372.86 | $347.26 | $25.60 | $6,478.25 | $2,138.39 |
| 43 | $372.86 | $348.57 | $24.29 | $6,129.68 | $2,162.68 |
| 44 | $372.86 | $349.87 | $22.99 | $5,779.81 | $2,185.67 |
| 45 | $372.86 | $351.19 | $21.67 | $5,428.62 | $2,207.34 |
| 46 | $372.86 | $352.50 | $20.36 | $5,076.12 | $2,227.70 |
| 47 | $372.86 | $353.82 | $19.04 | $4,722.30 | $2,246.73 |
| 48 | $372.86 | $355.15 | $17.71 | $4,367.15 | $2,264.44 |
| 49 | $372.86 | $356.48 | $16.38 | $4,010.66 | $2,280.82 |
| 50 | $372.86 | $357.82 | $15.04 | $3,652.84 | $2,295.86 |
| 51 | $372.86 | $359.16 | $13.70 | $3,293.68 | $2,309.56 |
| 52 | $372.86 | $360.51 | $12.35 | $2,933.17 | $2,321.91 |
| 53 | $372.86 | $361.86 | $11.00 | $2,571.31 | $2,332.91 |
| 54 | $372.86 | $363.22 | $9.64 | $2,208.09 | $2,342.55 |
| 55 | $372.86 | $364.58 | $8.28 | $1,843.51 | $2,350.83 |
| 56 | $372.86 | $365.95 | $6.91 | $1,477.56 | $2,357.75 |
| 57 | $372.86 | $367.32 | $5.54 | $1,110.24 | $2,363.29 |
| 58 | $372.86 | $368.70 | $4.16 | $741.55 | $2,367.45 |
| 59 | $372.86 | $370.08 | $2.78 | $371.47 | $2,370.23 |
| 60 | $372.86 | $371.47 | $1.39 | $0.00 | $2,371.62 |
10 Ways to Save on Your Car Purchase
Negotiate Price Before Financing
Always negotiate the purchase price of the vehicle before discussing financing options. This prevents salespeople from focusing on monthly payments rather than the total cost.
Consider Certified Pre-Owned
Certified pre-owned vehicles offer reliability similar to new cars but at a lower price point, often with extended warranties and thorough inspections.
Compare Financing Options
Shop around at banks and credit unions before visiting the dealership. Having pre-approved financing gives you leverage in negotiations.
Take Advantage of Rebates
Research manufacturer rebates and incentives before shopping. These can significantly reduce your purchase price or provide favorable financing terms.
Opt for Shorter Loan Terms
While longer terms reduce monthly payments, they increase total interest costs. Consider a 36 or 48-month loan instead of 60+ months if affordable.
Calculate Total Ownership Costs
Look beyond the sticker price to consider insurance, fuel efficiency, maintenance costs, and depreciation when comparing vehicles.
Avoid Unnecessary Add-ons
Be cautious of dealer add-ons like extended warranties, paint protection, and fabric treatments. These high-margin items often provide minimal value.
Time Your Purchase Strategically
Shop at month-end, quarter-end, or during model year transitions when dealers are motivated to meet sales quotas and clear inventory.
Keep Trade-ins Separate
Negotiate the purchase price first, then discuss your trade-in. This prevents dealers from manipulating numbers between the two transactions.
Explore Eco-Friendly Incentives
Electric and hybrid vehicles may qualify for federal tax credits, state incentives, or special financing rates that reduce overall costs.
Sponsored Offers
Advertisement Space
Ready for Your New Car?
Take the next step toward your car purchase with our helpful resources and partners.