Automobile Calculator

This calculator assumes a fixed rate loan. Please complete all fields to perform the calculation. Please check with your bank before making a decision on the basis of this calculator, since your bank may use a different method of calculating the interest and payment. Estimates may vary due to additional dealer costs, taxes, or other regulatory fees.

Trade-In Value of Current Vehicle
$

Downpayment on New Vehicle
$

Dealer Price of New Vehicle
$

Annual Interest Rate
%

Payment Term (in months)

	Beginning Balance	Payment	Interest	Principal	Ending Balance
1	$20000.00	$ 833.33	$ 0.00	$ 833.33	$19166.67
2	$19166.67	$ 833.33	$ 0.00	$ 833.33	$18333.33
3	$18333.33	$ 833.33	$ 0.00	$ 833.33	$17500.00
4	$17500.00	$ 833.33	$ 0.00	$ 833.33	$16666.67
5	$16666.67	$ 833.33	$ 0.00	$ 833.33	$15833.33
6	$15833.33	$ 833.33	$ 0.00	$ 833.33	$15000.00
7	$15000.00	$ 833.33	$ 0.00	$ 833.33	$14166.67
8	$14166.67	$ 833.33	$ 0.00	$ 833.33	$13333.33
9	$13333.33	$ 833.33	$ 0.00	$ 833.33	$12500.00
10	$12500.00	$ 833.33	$ 0.00	$ 833.33	$11666.67
11	$11666.67	$ 833.33	$ 0.00	$ 833.33	$10833.33
12	$10833.33	$ 833.33	$ 0.00	$ 833.33	$10000.00
13	$10000.00	$ 833.33	$ 0.00	$ 833.33	$ 9166.67
14	$ 9166.67	$ 833.33	$ 0.00	$ 833.33	$ 8333.33
15	$ 8333.33	$ 833.33	$ 0.00	$ 833.33	$ 7500.00
16	$ 7500.00	$ 833.33	$ 0.00	$ 833.33	$ 6666.67
17	$ 6666.67	$ 833.33	$ 0.00	$ 833.33	$ 5833.33
18	$ 5833.33	$ 833.33	$ 0.00	$ 833.33	$ 5000.00
19	$ 5000.00	$ 833.33	$ 0.00	$ 833.33	$ 4166.67
20	$ 4166.67	$ 833.33	$ 0.00	$ 833.33	$ 3333.33
21	$ 3333.33	$ 833.33	$ 0.00	$ 833.33	$ 2500.00
22	$ 2500.00	$ 833.33	$ 0.00	$ 833.33	$ 1666.67
23	$ 1666.67	$ 833.33	$ 0.00	$ 833.33	$ 833.33
24	$ 833.33	$ 833.33	$ 0.00	$ 833.33	$ 0.00
TOTALS		$20000.00	$ 0.00	$20000.00

Based on a 365 day year, simple interest loan.
Slight variations may occur due to loan structure or calendar year basis.

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