Car loan calculator
$746.22/month principal and interest
$2,864 total interest
Principal $24,000 Interest $2,864. 11¢ of every dollar paid goes to interest.
$24,000 financed over 36 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 | $596.82 | $149.40 | $23,403.18 |
| 2 | $600.53 | $145.68 | $22,802.65 |
| 3 | $604.27 | $141.95 | $22,198.38 |
| 4 | $608.03 | $138.18 | $21,590.34 |
| 5 | $611.82 | $134.40 | $20,978.52 |
| 6 | $615.63 | $130.59 | $20,362.90 |
| 7 | $619.46 | $126.76 | $19,743.44 |
| 8 | $623.32 | $122.90 | $19,120.12 |
| 9 | $627.20 | $119.02 | $18,492.92 |
| 10 | $631.10 | $115.12 | $17,861.82 |
| 11 | $635.03 | $111.19 | $17,226.80 |
| 12 | $638.98 | $107.24 | $16,587.81 |
Year by year
| Year | Principal | Interest | Balance at year end |
|---|---|---|---|
| 1 | $7,412 | $1,542 | $16,588 |
| 2 | $7,985 | $969 | $8,603 |
| 3 | $8,603 | $352 | $0 |
| Total | $24,000 | $2,864 | $0 |
Full schedule, all 36 payments
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | 596.82 | 149.40 | 23,403.18 |
| 2 | 600.53 | 145.68 | 22,802.65 |
| 3 | 604.27 | 141.95 | 22,198.38 |
| 4 | 608.03 | 138.18 | 21,590.34 |
| 5 | 611.82 | 134.40 | 20,978.52 |
| 6 | 615.63 | 130.59 | 20,362.90 |
| 7 | 619.46 | 126.76 | 19,743.44 |
| 8 | 623.32 | 122.90 | 19,120.12 |
| 9 | 627.20 | 119.02 | 18,492.92 |
| 10 | 631.10 | 115.12 | 17,861.82 |
| 11 | 635.03 | 111.19 | 17,226.80 |
| 12 | 638.98 | 107.24 | 16,587.81 |
| 13 | 642.96 | 103.26 | 15,944.85 |
| 14 | 646.96 | 99.26 | 15,297.89 |
| 15 | 650.99 | 95.23 | 14,646.90 |
| 16 | 655.04 | 91.18 | 13,991.86 |
| 17 | 659.12 | 87.10 | 13,332.74 |
| 18 | 663.22 | 83.00 | 12,669.52 |
| 19 | 667.35 | 78.87 | 12,002.17 |
| 20 | 671.51 | 74.71 | 11,330.66 |
| 21 | 675.69 | 70.53 | 10,654.98 |
| 22 | 679.89 | 66.33 | 9,975.09 |
| 23 | 684.12 | 62.09 | 9,290.96 |
| 24 | 688.38 | 57.84 | 8,602.58 |
| 25 | 692.67 | 53.55 | 7,909.91 |
| 26 | 696.98 | 49.24 | 7,212.93 |
| 27 | 701.32 | 44.90 | 6,511.62 |
| 28 | 705.68 | 40.53 | 5,805.93 |
| 29 | 710.08 | 36.14 | 5,095.86 |
| 30 | 714.50 | 31.72 | 4,381.36 |
| 31 | 718.94 | 27.27 | 3,662.41 |
| 32 | 723.42 | 22.80 | 2,938.99 |
| 33 | 727.92 | 18.30 | 2,211.07 |
| 34 | 732.45 | 13.76 | 1,478.62 |
| 35 | 737.01 | 9.20 | 741.60 |
| 36 | 741.60 | 4.62 | 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.