Car loan calculator

$483.30/month principal and interest

$3,198 total interest

Principal $20,000 Interest $3,198. 14¢ of every dollar paid goes to interest.

$20,000 financed over 48 months at 7.47%.

Sales tax not included; choose a state to add it.

Amortization schedule

Amortization schedule for a $20,000 car loan at 7.47% over 48 months, months 1–12; each payment $483.30
Month	Principal	Interest	Balance
1	$358.80	$124.50	$19,641.20
2	$361.03	$122.27	$19,280.17
3	$363.28	$120.02	$18,916.89
4	$365.54	$117.76	$18,551.35
5	$367.82	$115.48	$18,183.53
6	$370.11	$113.19	$17,813.43
7	$372.41	$110.89	$17,441.02
8	$374.73	$108.57	$17,066.29
9	$377.06	$106.24	$16,689.23
10	$379.41	$103.89	$16,309.82
11	$381.77	$101.53	$15,928.05
12	$384.15	$99.15	$15,543.91

Totals for each loan year
Year	Principal	Interest	Balance at year end
1	$4,456	$1,343	$15,544
2	$4,801	$999	$10,743
3	$5,172	$628	$5,572
4	$5,572	$228	$0
Total	$20,000	$3,198	$0

Full schedule, all 48 payments

Amortization schedule for a $20,000 car loan at 7.47% over 48 months, every payment
Month	Principal	Interest	Balance
1	358.80	124.50	19,641.20
2	361.03	122.27	19,280.17
3	363.28	120.02	18,916.89
4	365.54	117.76	18,551.35
5	367.82	115.48	18,183.53
6	370.11	113.19	17,813.43
7	372.41	110.89	17,441.02
8	374.73	108.57	17,066.29
9	377.06	106.24	16,689.23
10	379.41	103.89	16,309.82
11	381.77	101.53	15,928.05
12	384.15	99.15	15,543.91
13	386.54	96.76	15,157.37
14	388.94	94.35	14,768.43
15	391.36	91.93	14,377.06
16	393.80	89.50	13,983.26
17	396.25	87.05	13,587.01
18	398.72	84.58	13,188.29
19	401.20	82.10	12,787.09
20	403.70	79.60	12,383.39
21	406.21	77.09	11,977.18
22	408.74	74.56	11,568.44
23	411.28	72.01	11,157.16
24	413.84	69.45	10,743.31
25	416.42	66.88	10,326.89
26	419.01	64.28	9,907.88
27	421.62	61.68	9,486.26
28	424.25	59.05	9,062.01
29	426.89	56.41	8,635.12
30	429.54	53.75	8,205.58
31	432.22	51.08	7,773.36
32	434.91	48.39	7,338.45
33	437.62	45.68	6,900.83
34	440.34	42.96	6,460.49
35	443.08	40.22	6,017.41
36	445.84	37.46	5,571.57
37	448.62	34.68	5,122.96
38	451.41	31.89	4,671.55
39	454.22	29.08	4,217.33
40	457.05	26.25	3,760.29
41	459.89	23.41	3,300.40
42	462.75	20.54	2,837.64
43	465.63	17.66	2,372.01
44	468.53	14.77	1,903.48
45	471.45	11.85	1,432.03
46	474.38	8.91	957.64
47	477.34	5.96	480.31
48	480.31	2.99	0.00

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.