Car loan calculator
$359.44/month principal and interest
$4,880 total interest
Principal $21,000 Interest $4,880. 19¢ of every dollar paid goes to interest.
$21,000 financed over 72 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 | $234.49 | $124.95 | $20,765.51 |
| 2 | $235.89 | $123.55 | $20,529.62 |
| 3 | $237.29 | $122.15 | $20,292.33 |
| 4 | $238.70 | $120.74 | $20,053.63 |
| 5 | $240.12 | $119.32 | $19,813.50 |
| 6 | $241.55 | $117.89 | $19,571.95 |
| 7 | $242.99 | $116.45 | $19,328.96 |
| 8 | $244.44 | $115.01 | $19,084.52 |
| 9 | $245.89 | $113.55 | $18,838.64 |
| 10 | $247.35 | $112.09 | $18,591.28 |
| 11 | $248.82 | $110.62 | $18,342.46 |
| 12 | $250.30 | $109.14 | $18,092.15 |
Year by year
| Year | Principal | Interest | Balance at year end |
|---|---|---|---|
| 1 | $2,908 | $1,405 | $18,092 |
| 2 | $3,122 | $1,191 | $14,970 |
| 3 | $3,353 | $961 | $11,617 |
| 4 | $3,600 | $713 | $8,017 |
| 5 | $3,866 | $448 | $4,151 |
| 6 | $4,151 | $162 | $0 |
| Total | $21,000 | $4,880 | $0 |
Full schedule, all 72 payments
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | 234.49 | 124.95 | 20,765.51 |
| 2 | 235.89 | 123.55 | 20,529.62 |
| 3 | 237.29 | 122.15 | 20,292.33 |
| 4 | 238.70 | 120.74 | 20,053.63 |
| 5 | 240.12 | 119.32 | 19,813.50 |
| 6 | 241.55 | 117.89 | 19,571.95 |
| 7 | 242.99 | 116.45 | 19,328.96 |
| 8 | 244.44 | 115.01 | 19,084.52 |
| 9 | 245.89 | 113.55 | 18,838.64 |
| 10 | 247.35 | 112.09 | 18,591.28 |
| 11 | 248.82 | 110.62 | 18,342.46 |
| 12 | 250.30 | 109.14 | 18,092.15 |
| 13 | 251.79 | 107.65 | 17,840.36 |
| 14 | 253.29 | 106.15 | 17,587.07 |
| 15 | 254.80 | 104.64 | 17,332.27 |
| 16 | 256.32 | 103.13 | 17,075.95 |
| 17 | 257.84 | 101.60 | 16,818.11 |
| 18 | 259.37 | 100.07 | 16,558.74 |
| 19 | 260.92 | 98.52 | 16,297.82 |
| 20 | 262.47 | 96.97 | 16,035.35 |
| 21 | 264.03 | 95.41 | 15,771.32 |
| 22 | 265.60 | 93.84 | 15,505.71 |
| 23 | 267.18 | 92.26 | 15,238.53 |
| 24 | 268.77 | 90.67 | 14,969.76 |
| 25 | 270.37 | 89.07 | 14,699.38 |
| 26 | 271.98 | 87.46 | 14,427.40 |
| 27 | 273.60 | 85.84 | 14,153.80 |
| 28 | 275.23 | 84.22 | 13,878.57 |
| 29 | 276.87 | 82.58 | 13,601.71 |
| 30 | 278.51 | 80.93 | 13,323.20 |
| 31 | 280.17 | 79.27 | 13,043.03 |
| 32 | 281.84 | 77.61 | 12,761.19 |
| 33 | 283.51 | 75.93 | 12,477.68 |
| 34 | 285.20 | 74.24 | 12,192.48 |
| 35 | 286.90 | 72.55 | 11,905.58 |
| 36 | 288.60 | 70.84 | 11,616.98 |
| 37 | 290.32 | 69.12 | 11,326.65 |
| 38 | 292.05 | 67.39 | 11,034.60 |
| 39 | 293.79 | 65.66 | 10,740.82 |
| 40 | 295.53 | 63.91 | 10,445.28 |
| 41 | 297.29 | 62.15 | 10,147.99 |
| 42 | 299.06 | 60.38 | 9,848.93 |
| 43 | 300.84 | 58.60 | 9,548.09 |
| 44 | 302.63 | 56.81 | 9,245.46 |
| 45 | 304.43 | 55.01 | 8,941.02 |
| 46 | 306.24 | 53.20 | 8,634.78 |
| 47 | 308.07 | 51.38 | 8,326.71 |
| 48 | 309.90 | 49.54 | 8,016.82 |
| 49 | 311.74 | 47.70 | 7,705.07 |
| 50 | 313.60 | 45.85 | 7,391.48 |
| 51 | 315.46 | 43.98 | 7,076.01 |
| 52 | 317.34 | 42.10 | 6,758.67 |
| 53 | 319.23 | 40.21 | 6,439.44 |
| 54 | 321.13 | 38.31 | 6,118.32 |
| 55 | 323.04 | 36.40 | 5,795.28 |
| 56 | 324.96 | 34.48 | 5,470.32 |
| 57 | 326.89 | 32.55 | 5,143.42 |
| 58 | 328.84 | 30.60 | 4,814.58 |
| 59 | 330.80 | 28.65 | 4,483.79 |
| 60 | 332.76 | 26.68 | 4,151.02 |
| 61 | 334.74 | 24.70 | 3,816.28 |
| 62 | 336.74 | 22.71 | 3,479.54 |
| 63 | 338.74 | 20.70 | 3,140.80 |
| 64 | 340.75 | 18.69 | 2,800.05 |
| 65 | 342.78 | 16.66 | 2,457.27 |
| 66 | 344.82 | 14.62 | 2,112.45 |
| 67 | 346.87 | 12.57 | 1,765.57 |
| 68 | 348.94 | 10.51 | 1,416.64 |
| 69 | 351.01 | 8.43 | 1,065.62 |
| 70 | 353.10 | 6.34 | 712.52 |
| 71 | 355.20 | 4.24 | 357.32 |
| 72 | 357.32 | 2.13 | 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.