Car loan calculator

$495.38/month principal and interest

$3,278 total interest

Principal $20,500 Interest $3,278. 14¢ of every dollar paid goes to interest.

$20,500 financed over 48 months at 7.47%.

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

Amortization schedule

Amortization schedule for a $20,500 car loan at 7.47% over 48 months, months 1–12; each payment $495.38
Month	Principal	Interest	Balance
1	$367.77	$127.61	$20,132.23
2	$370.06	$125.32	$19,762.17
3	$372.36	$123.02	$19,389.81
4	$374.68	$120.70	$19,015.13
5	$377.01	$118.37	$18,638.12
6	$379.36	$116.02	$18,258.77
7	$381.72	$113.66	$17,877.05
8	$384.10	$111.28	$17,492.95
9	$386.49	$108.89	$17,106.46
10	$388.89	$106.49	$16,717.57
11	$391.31	$104.07	$16,326.26
12	$393.75	$101.63	$15,932.51

Totals for each loan year
Year	Principal	Interest	Balance at year end
1	$4,567	$1,377	$15,933
2	$4,921	$1,024	$11,012
3	$5,301	$644	$5,711
4	$5,711	$234	$0
Total	$20,500	$3,278	$0

Full schedule, all 48 payments

Amortization schedule for a $20,500 car loan at 7.47% over 48 months, every payment
Month	Principal	Interest	Balance
1	367.77	127.61	20,132.23
2	370.06	125.32	19,762.17
3	372.36	123.02	19,389.81
4	374.68	120.70	19,015.13
5	377.01	118.37	18,638.12
6	379.36	116.02	18,258.77
7	381.72	113.66	17,877.05
8	384.10	111.28	17,492.95
9	386.49	108.89	17,106.46
10	388.89	106.49	16,717.57
11	391.31	104.07	16,326.26
12	393.75	101.63	15,932.51
13	396.20	99.18	15,536.31
14	398.67	96.71	15,137.64
15	401.15	94.23	14,736.49
16	403.65	91.73	14,332.84
17	406.16	89.22	13,926.69
18	408.69	86.69	13,518.00
19	411.23	84.15	13,106.77
20	413.79	81.59	12,692.98
21	416.37	79.01	12,276.61
22	418.96	76.42	11,857.65
23	421.57	73.81	11,436.08
24	424.19	71.19	11,011.89
25	426.83	68.55	10,585.06
26	429.49	65.89	10,155.57
27	432.16	63.22	9,723.41
28	434.85	60.53	9,288.56
29	437.56	57.82	8,851.00
30	440.28	55.10	8,410.72
31	443.02	52.36	7,967.69
32	445.78	49.60	7,521.91
33	448.56	46.82	7,073.36
34	451.35	44.03	6,622.01
35	454.16	41.22	6,167.85
36	456.99	38.39	5,710.86
37	459.83	35.55	5,251.03
38	462.69	32.69	4,788.34
39	465.57	29.81	4,322.77
40	468.47	26.91	3,854.29
41	471.39	23.99	3,382.91
42	474.32	21.06	2,908.58
43	477.27	18.11	2,431.31
44	480.25	15.13	1,951.06
45	483.24	12.15	1,467.83
46	486.24	9.14	981.59
47	489.27	6.11	492.32
48	492.32	3.06	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.