Car loan calculator
$367.55/month principal and interest
$3,553 total interest
Principal $18,500 Interest $3,553. 16¢ of every dollar paid goes to interest.
$18,500 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 | $257.47 | $110.08 | $18,242.53 |
| 2 | $259.00 | $108.54 | $17,983.53 |
| 3 | $260.54 | $107.00 | $17,722.98 |
| 4 | $262.09 | $105.45 | $17,460.89 |
| 5 | $263.65 | $103.89 | $17,197.24 |
| 6 | $265.22 | $102.32 | $16,932.02 |
| 7 | $266.80 | $100.75 | $16,665.22 |
| 8 | $268.39 | $99.16 | $16,396.83 |
| 9 | $269.98 | $97.56 | $16,126.84 |
| 10 | $271.59 | $95.95 | $15,855.25 |
| 11 | $273.21 | $94.34 | $15,582.05 |
| 12 | $274.83 | $92.71 | $15,307.21 |
Year by year
| Year | Principal | Interest | Balance at year end |
|---|---|---|---|
| 1 | $3,193 | $1,218 | $15,307 |
| 2 | $3,428 | $982 | $11,879 |
| 3 | $3,681 | $729 | $8,198 |
| 4 | $3,953 | $458 | $4,245 |
| 5 | $4,245 | $166 | $0 |
| Total | $18,500 | $3,553 | $0 |
Full schedule, all 60 payments
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | 257.47 | 110.08 | 18,242.53 |
| 2 | 259.00 | 108.54 | 17,983.53 |
| 3 | 260.54 | 107.00 | 17,722.98 |
| 4 | 262.09 | 105.45 | 17,460.89 |
| 5 | 263.65 | 103.89 | 17,197.24 |
| 6 | 265.22 | 102.32 | 16,932.02 |
| 7 | 266.80 | 100.75 | 16,665.22 |
| 8 | 268.39 | 99.16 | 16,396.83 |
| 9 | 269.98 | 97.56 | 16,126.84 |
| 10 | 271.59 | 95.95 | 15,855.25 |
| 11 | 273.21 | 94.34 | 15,582.05 |
| 12 | 274.83 | 92.71 | 15,307.21 |
| 13 | 276.47 | 91.08 | 15,030.75 |
| 14 | 278.11 | 89.43 | 14,752.63 |
| 15 | 279.77 | 87.78 | 14,472.87 |
| 16 | 281.43 | 86.11 | 14,191.44 |
| 17 | 283.11 | 84.44 | 13,908.33 |
| 18 | 284.79 | 82.75 | 13,623.54 |
| 19 | 286.49 | 81.06 | 13,337.05 |
| 20 | 288.19 | 79.36 | 13,048.86 |
| 21 | 289.90 | 77.64 | 12,758.96 |
| 22 | 291.63 | 75.92 | 12,467.33 |
| 23 | 293.36 | 74.18 | 12,173.96 |
| 24 | 295.11 | 72.44 | 11,878.85 |
| 25 | 296.87 | 70.68 | 11,581.99 |
| 26 | 298.63 | 68.91 | 11,283.36 |
| 27 | 300.41 | 67.14 | 10,982.95 |
| 28 | 302.20 | 65.35 | 10,680.75 |
| 29 | 303.99 | 63.55 | 10,376.75 |
| 30 | 305.80 | 61.74 | 10,070.95 |
| 31 | 307.62 | 59.92 | 9,763.33 |
| 32 | 309.45 | 58.09 | 9,453.87 |
| 33 | 311.29 | 56.25 | 9,142.58 |
| 34 | 313.15 | 54.40 | 8,829.43 |
| 35 | 315.01 | 52.54 | 8,514.42 |
| 36 | 316.88 | 50.66 | 8,197.54 |
| 37 | 318.77 | 48.78 | 7,878.77 |
| 38 | 320.67 | 46.88 | 7,558.10 |
| 39 | 322.57 | 44.97 | 7,235.53 |
| 40 | 324.49 | 43.05 | 6,911.03 |
| 41 | 326.42 | 41.12 | 6,584.61 |
| 42 | 328.37 | 39.18 | 6,256.24 |
| 43 | 330.32 | 37.22 | 5,925.92 |
| 44 | 332.29 | 35.26 | 5,593.63 |
| 45 | 334.26 | 33.28 | 5,259.37 |
| 46 | 336.25 | 31.29 | 4,923.12 |
| 47 | 338.25 | 29.29 | 4,584.86 |
| 48 | 340.27 | 27.28 | 4,244.60 |
| 49 | 342.29 | 25.26 | 3,902.31 |
| 50 | 344.33 | 23.22 | 3,557.98 |
| 51 | 346.38 | 21.17 | 3,211.61 |
| 52 | 348.44 | 19.11 | 2,863.17 |
| 53 | 350.51 | 17.04 | 2,512.66 |
| 54 | 352.60 | 14.95 | 2,160.07 |
| 55 | 354.69 | 12.85 | 1,805.37 |
| 56 | 356.80 | 10.74 | 1,448.57 |
| 57 | 358.93 | 8.62 | 1,089.64 |
| 58 | 361.06 | 6.48 | 728.58 |
| 59 | 363.21 | 4.34 | 365.37 |
| 60 | 365.37 | 2.17 | 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.