Car loan calculator
$362.47/month principal and interest
$2,399 total interest
Principal $15,000 Interest $2,399. 14¢ of every dollar paid goes to interest.
$15,000 financed over 48 months at 7.47%.
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 | $269.10 | $93.38 | $14,730.90 |
| 2 | $270.77 | $91.70 | $14,460.13 |
| 3 | $272.46 | $90.01 | $14,187.67 |
| 4 | $274.16 | $88.32 | $13,913.51 |
| 5 | $275.86 | $86.61 | $13,637.65 |
| 6 | $277.58 | $84.89 | $13,360.07 |
| 7 | $279.31 | $83.17 | $13,080.76 |
| 8 | $281.05 | $81.43 | $12,799.72 |
| 9 | $282.80 | $79.68 | $12,516.92 |
| 10 | $284.56 | $77.92 | $12,232.37 |
| 11 | $286.33 | $76.15 | $11,946.04 |
| 12 | $288.11 | $74.36 | $11,657.93 |
Year by year
| Year | Principal | Interest | Balance at year end |
|---|---|---|---|
| 1 | $3,342 | $1,008 | $11,658 |
| 2 | $3,600 | $749 | $8,057 |
| 3 | $3,879 | $471 | $4,179 |
| 4 | $4,179 | $171 | $0 |
| Total | $15,000 | $2,399 | $0 |
Full schedule, all 48 payments
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | 269.10 | 93.38 | 14,730.90 |
| 2 | 270.77 | 91.70 | 14,460.13 |
| 3 | 272.46 | 90.01 | 14,187.67 |
| 4 | 274.16 | 88.32 | 13,913.51 |
| 5 | 275.86 | 86.61 | 13,637.65 |
| 6 | 277.58 | 84.89 | 13,360.07 |
| 7 | 279.31 | 83.17 | 13,080.76 |
| 8 | 281.05 | 81.43 | 12,799.72 |
| 9 | 282.80 | 79.68 | 12,516.92 |
| 10 | 284.56 | 77.92 | 12,232.37 |
| 11 | 286.33 | 76.15 | 11,946.04 |
| 12 | 288.11 | 74.36 | 11,657.93 |
| 13 | 289.90 | 72.57 | 11,368.03 |
| 14 | 291.71 | 70.77 | 11,076.32 |
| 15 | 293.52 | 68.95 | 10,782.80 |
| 16 | 295.35 | 67.12 | 10,487.45 |
| 17 | 297.19 | 65.28 | 10,190.26 |
| 18 | 299.04 | 63.43 | 9,891.22 |
| 19 | 300.90 | 61.57 | 9,590.32 |
| 20 | 302.77 | 59.70 | 9,287.54 |
| 21 | 304.66 | 57.81 | 8,982.89 |
| 22 | 306.56 | 55.92 | 8,676.33 |
| 23 | 308.46 | 54.01 | 8,367.87 |
| 24 | 310.38 | 52.09 | 8,057.48 |
| 25 | 312.32 | 50.16 | 7,745.17 |
| 26 | 314.26 | 48.21 | 7,430.91 |
| 27 | 316.22 | 46.26 | 7,114.69 |
| 28 | 318.18 | 44.29 | 6,796.51 |
| 29 | 320.17 | 42.31 | 6,476.34 |
| 30 | 322.16 | 40.32 | 6,154.18 |
| 31 | 324.16 | 38.31 | 5,830.02 |
| 32 | 326.18 | 36.29 | 5,503.84 |
| 33 | 328.21 | 34.26 | 5,175.63 |
| 34 | 330.26 | 32.22 | 4,845.37 |
| 35 | 332.31 | 30.16 | 4,513.06 |
| 36 | 334.38 | 28.09 | 4,178.68 |
| 37 | 336.46 | 26.01 | 3,842.22 |
| 38 | 338.56 | 23.92 | 3,503.66 |
| 39 | 340.66 | 21.81 | 3,163.00 |
| 40 | 342.78 | 19.69 | 2,820.22 |
| 41 | 344.92 | 17.56 | 2,475.30 |
| 42 | 347.06 | 15.41 | 2,128.23 |
| 43 | 349.23 | 13.25 | 1,779.01 |
| 44 | 351.40 | 11.07 | 1,427.61 |
| 45 | 353.59 | 8.89 | 1,074.02 |
| 46 | 355.79 | 6.69 | 718.23 |
| 47 | 358.00 | 4.47 | 360.23 |
| 48 | 360.23 | 2.24 | 0.00 |
Sources
- New-car loan, 48 months average: 7.47%. Federal Reserve G.19 Consumer Credit, terms of credit at commercial banks, series TERMCBAUTO48NS, 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.