Auto loan calculator

The monthly payment is not the price.

See what the loan really costs — and what one rate tier does to it.

$25,000
$2,000$100,000
60 mo
124884
4.5%
1%24%
$0
$0$500
Advanced options

These change the amount actually financed — $25,000 right now.

$0
$0$12,500
0%
0%15%
$0
$0$25,000

Your monthly payment

$466

/mo · 60 months · 4.5% APR

What the car costs · $25,000What the loan costs you · $2,965

First payment split

$94 is interest

Total you'll pay

$27,965

Paid off in

5 yrs

One credit tier worse (5.5% APR)

+$687 more interest

That's the real cost of applying before your utilization is down. Model your score first

Where the money goes

The same loan over time, with the 5.5% tier drawn alongside for comparison.

Add an extra monthly payment on the left to see how much sooner the balance reaches zero.

Key financial tips

Save money

  • Make extra payments to reduce interest and loan term
  • Shop around for the lowest interest rates
  • Consider a larger down payment to reduce principal
  • Maintain good credit to qualify for better rates
  • Avoid extending your loan term unnecessarily

Watch out for

  • Hidden fees and prepayment penalties
  • Focusing only on monthly payment, not total cost
  • Longer loan terms that increase total interest
  • Add-on products that increase your loan amount
  • Dealer markup on interest rates

Key takeaway

The rate tier you qualify for moves the total more than the sticker price does. Fix the score first, then shop the car.

What's next

Now that you know what the loan costs, take the next step to lower it.

Check your credit impact

See how a better score lowers the rate — and this payment with it.

Model your score

Compare lease vs buy

Not sure you should finance at all? Compare the total cost both ways.

Run the comparison

Explore financing options

Lender types and which one usually gives your tier the best rate.

See options

Need help with the terms? View the glossary or check the FAQ.