Everyday numbers, solved
Estimate a monthly car payment, amount financed, total interest, and total loan cost from price, down payment, trade-in, APR, and term.
Money
See your estimated payment and total borrowing cost.
Estimated monthly payment
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Estimate only. Taxes, dealer fees, registration, and add-ons are not included.
How it works
Quick answer: A $35,000 car with $5,000 down at 6.9% APR for 60 months costs about $593 a month and $5,557 in total interest.
Payment = L × r(1 + r)^n ÷ ((1 + r)^n − 1)
L = price − down payment − trade-inr is APR ÷ 12 and n is the term in months.
Price $35,000, $5,000 down, no trade-in, 6.9% APR, 60 months. Amount financed: $30,000. Monthly payment: $593. Total interest: $5,557. Total of payments: $35,557.
| Term | Monthly payment | Total interest | Open |
|---|---|---|---|
| 36 months | $925 | $3,298 | Open |
| 48 months | $717 | $4,416 | Open |
| 60 months | $593 | $5,557 | Open |
| 72 months | $510 | $6,722 | Open |
| 84 months | $451 | $7,910 | Open |
The vehicle price minus down payment and trade-in value.
APR reflects the loan cost including most lender fees, but dealer add-ons can be separate.
A longer term lowers the payment but raises total interest, and you are more likely to owe more than the car is worth for longer.