Car loan calculator
$374.56/month principal and interest
$2,479 total interest
Principal $15,500 Interest $2,479. 14¢ of every dollar paid goes to interest.
$15,500 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 | $278.07 | $96.49 | $15,221.93 |
| 2 | $279.80 | $94.76 | $14,942.13 |
| 3 | $281.54 | $93.01 | $14,660.59 |
| 4 | $283.29 | $91.26 | $14,377.30 |
| 5 | $285.06 | $89.50 | $14,092.24 |
| 6 | $286.83 | $87.72 | $13,805.41 |
| 7 | $288.62 | $85.94 | $13,516.79 |
| 8 | $290.41 | $84.14 | $13,226.38 |
| 9 | $292.22 | $82.33 | $12,934.15 |
| 10 | $294.04 | $80.52 | $12,640.11 |
| 11 | $295.87 | $78.68 | $12,344.24 |
| 12 | $297.71 | $76.84 | $12,046.53 |
Year by year
| Year | Principal | Interest | Balance at year end |
|---|---|---|---|
| 1 | $3,453 | $1,041 | $12,047 |
| 2 | $3,720 | $774 | $8,326 |
| 3 | $4,008 | $487 | $4,318 |
| 4 | $4,318 | $177 | $0 |
| Total | $15,500 | $2,479 | $0 |
Full schedule, all 48 payments
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | 278.07 | 96.49 | 15,221.93 |
| 2 | 279.80 | 94.76 | 14,942.13 |
| 3 | 281.54 | 93.01 | 14,660.59 |
| 4 | 283.29 | 91.26 | 14,377.30 |
| 5 | 285.06 | 89.50 | 14,092.24 |
| 6 | 286.83 | 87.72 | 13,805.41 |
| 7 | 288.62 | 85.94 | 13,516.79 |
| 8 | 290.41 | 84.14 | 13,226.38 |
| 9 | 292.22 | 82.33 | 12,934.15 |
| 10 | 294.04 | 80.52 | 12,640.11 |
| 11 | 295.87 | 78.68 | 12,344.24 |
| 12 | 297.71 | 76.84 | 12,046.53 |
| 13 | 299.57 | 74.99 | 11,746.96 |
| 14 | 301.43 | 73.12 | 11,445.53 |
| 15 | 303.31 | 71.25 | 11,142.22 |
| 16 | 305.20 | 69.36 | 10,837.03 |
| 17 | 307.10 | 67.46 | 10,529.93 |
| 18 | 309.01 | 65.55 | 10,220.93 |
| 19 | 310.93 | 63.63 | 9,910.00 |
| 20 | 312.87 | 61.69 | 9,597.13 |
| 21 | 314.81 | 59.74 | 9,282.31 |
| 22 | 316.77 | 57.78 | 8,965.54 |
| 23 | 318.75 | 55.81 | 8,646.80 |
| 24 | 320.73 | 53.83 | 8,326.07 |
| 25 | 322.73 | 51.83 | 8,003.34 |
| 26 | 324.74 | 49.82 | 7,678.60 |
| 27 | 326.76 | 47.80 | 7,351.85 |
| 28 | 328.79 | 45.77 | 7,023.06 |
| 29 | 330.84 | 43.72 | 6,692.22 |
| 30 | 332.90 | 41.66 | 6,359.32 |
| 31 | 334.97 | 39.59 | 6,024.35 |
| 32 | 337.05 | 37.50 | 5,687.30 |
| 33 | 339.15 | 35.40 | 5,348.15 |
| 34 | 341.26 | 33.29 | 5,006.88 |
| 35 | 343.39 | 31.17 | 4,663.49 |
| 36 | 345.53 | 29.03 | 4,317.97 |
| 37 | 347.68 | 26.88 | 3,970.29 |
| 38 | 349.84 | 24.72 | 3,620.45 |
| 39 | 352.02 | 22.54 | 3,268.43 |
| 40 | 354.21 | 20.35 | 2,914.22 |
| 41 | 356.41 | 18.14 | 2,557.81 |
| 42 | 358.63 | 15.92 | 2,199.17 |
| 43 | 360.87 | 13.69 | 1,838.31 |
| 44 | 363.11 | 11.44 | 1,475.20 |
| 45 | 365.37 | 9.18 | 1,109.82 |
| 46 | 367.65 | 6.91 | 742.17 |
| 47 | 369.94 | 4.62 | 372.24 |
| 48 | 372.24 | 2.32 | 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.