Car loan calculator
$258.28/month principal and interest
$2,497 total interest
Principal $13,000 Interest $2,497. 16¢ of every dollar paid goes to interest.
$13,000 financed over 60 months at 7.14%.
Sales tax not included; choose a state to add it.
Source: Federal Reserve G.19, May 2026 survey. An average, not an offer.
Amortization schedule
First 12 months
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $180.93 | $77.35 | $12,819.07 |
| 2 | $182.00 | $76.27 | $12,637.07 |
| 3 | $183.08 | $75.19 | $12,453.99 |
| 4 | $184.17 | $74.10 | $12,269.81 |
| 5 | $185.27 | $73.01 | $12,084.55 |
| 6 | $186.37 | $71.90 | $11,898.17 |
| 7 | $187.48 | $70.79 | $11,710.69 |
| 8 | $188.60 | $69.68 | $11,522.10 |
| 9 | $189.72 | $68.56 | $11,332.38 |
| 10 | $190.85 | $67.43 | $11,141.53 |
| 11 | $191.98 | $66.29 | $10,949.55 |
| 12 | $193.13 | $65.15 | $10,756.42 |
Year by year
| Year | Principal | Interest | Balance at year end |
|---|---|---|---|
| 1 | $2,244 | $856 | $10,756 |
| 2 | $2,409 | $690 | $8,347 |
| 3 | $2,587 | $512 | $5,760 |
| 4 | $2,778 | $322 | $2,983 |
| 5 | $2,983 | $117 | $0 |
| Total | $13,000 | $2,497 | $0 |
Full schedule, all 60 payments
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | 180.93 | 77.35 | 12,819.07 |
| 2 | 182.00 | 76.27 | 12,637.07 |
| 3 | 183.08 | 75.19 | 12,453.99 |
| 4 | 184.17 | 74.10 | 12,269.81 |
| 5 | 185.27 | 73.01 | 12,084.55 |
| 6 | 186.37 | 71.90 | 11,898.17 |
| 7 | 187.48 | 70.79 | 11,710.69 |
| 8 | 188.60 | 69.68 | 11,522.10 |
| 9 | 189.72 | 68.56 | 11,332.38 |
| 10 | 190.85 | 67.43 | 11,141.53 |
| 11 | 191.98 | 66.29 | 10,949.55 |
| 12 | 193.13 | 65.15 | 10,756.42 |
| 13 | 194.27 | 64.00 | 10,562.15 |
| 14 | 195.43 | 62.84 | 10,366.72 |
| 15 | 196.59 | 61.68 | 10,170.12 |
| 16 | 197.76 | 60.51 | 9,972.36 |
| 17 | 198.94 | 59.34 | 9,773.42 |
| 18 | 200.12 | 58.15 | 9,573.30 |
| 19 | 201.31 | 56.96 | 9,371.98 |
| 20 | 202.51 | 55.76 | 9,169.47 |
| 21 | 203.72 | 54.56 | 8,965.75 |
| 22 | 204.93 | 53.35 | 8,760.83 |
| 23 | 206.15 | 52.13 | 8,554.68 |
| 24 | 207.37 | 50.90 | 8,347.30 |
| 25 | 208.61 | 49.67 | 8,138.69 |
| 26 | 209.85 | 48.43 | 7,928.84 |
| 27 | 211.10 | 47.18 | 7,717.75 |
| 28 | 212.35 | 45.92 | 7,505.39 |
| 29 | 213.62 | 44.66 | 7,291.77 |
| 30 | 214.89 | 43.39 | 7,076.88 |
| 31 | 216.17 | 42.11 | 6,860.72 |
| 32 | 217.45 | 40.82 | 6,643.26 |
| 33 | 218.75 | 39.53 | 6,424.51 |
| 34 | 220.05 | 38.23 | 6,204.47 |
| 35 | 221.36 | 36.92 | 5,983.11 |
| 36 | 222.68 | 35.60 | 5,760.43 |
| 37 | 224.00 | 34.27 | 5,536.43 |
| 38 | 225.33 | 32.94 | 5,311.10 |
| 39 | 226.67 | 31.60 | 5,084.42 |
| 40 | 228.02 | 30.25 | 4,856.40 |
| 41 | 229.38 | 28.90 | 4,627.02 |
| 42 | 230.74 | 27.53 | 4,396.28 |
| 43 | 232.12 | 26.16 | 4,164.16 |
| 44 | 233.50 | 24.78 | 3,930.66 |
| 45 | 234.89 | 23.39 | 3,695.77 |
| 46 | 236.29 | 21.99 | 3,459.49 |
| 47 | 237.69 | 20.58 | 3,221.80 |
| 48 | 239.11 | 19.17 | 2,982.69 |
| 49 | 240.53 | 17.75 | 2,742.16 |
| 50 | 241.96 | 16.32 | 2,500.20 |
| 51 | 243.40 | 14.88 | 2,256.81 |
| 52 | 244.85 | 13.43 | 2,011.96 |
| 53 | 246.30 | 11.97 | 1,765.65 |
| 54 | 247.77 | 10.51 | 1,517.88 |
| 55 | 249.24 | 9.03 | 1,268.64 |
| 56 | 250.73 | 7.55 | 1,017.91 |
| 57 | 252.22 | 6.06 | 765.70 |
| 58 | 253.72 | 4.56 | 511.98 |
| 59 | 255.23 | 3.05 | 256.75 |
| 60 | 256.75 | 1.53 | 0.00 |
Sources
- New-car loan, 60 months average: 7.14%. Federal Reserve G.19 Consumer Credit, terms of credit at commercial banks, series RIFLPBCIANM60NM, as of May 1, 2026; retrieved September 26, 2026.
- State vehicle sales tax and trade-in rules. State revenue departments and DMVs; state rate only, local taxes excluded.
Numbers on this page last changed September 26, 2026. How they are calculated: methodology.