Car loan calculator
$579.96/month principal and interest
$3,838 total interest
Principal $24,000 Interest $3,838. 14¢ of every dollar paid goes to interest.
$24,000 financed over 48 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 | $430.56 | $149.40 | $23,569.44 |
| 2 | $433.24 | $146.72 | $23,136.20 |
| 3 | $435.93 | $144.02 | $22,700.27 |
| 4 | $438.65 | $141.31 | $22,261.62 |
| 5 | $441.38 | $138.58 | $21,820.24 |
| 6 | $444.13 | $135.83 | $21,376.12 |
| 7 | $446.89 | $133.07 | $20,929.22 |
| 8 | $449.67 | $130.28 | $20,479.55 |
| 9 | $452.47 | $127.49 | $20,027.08 |
| 10 | $455.29 | $124.67 | $19,571.79 |
| 11 | $458.12 | $121.83 | $19,113.67 |
| 12 | $460.98 | $118.98 | $18,652.69 |
Year by year
| Year | Principal | Interest | Balance at year end |
|---|---|---|---|
| 1 | $5,347 | $1,612 | $18,653 |
| 2 | $5,761 | $1,199 | $12,892 |
| 3 | $6,206 | $753 | $6,686 |
| 4 | $6,686 | $274 | $0 |
| Total | $24,000 | $3,838 | $0 |
Full schedule, all 48 payments
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | 430.56 | 149.40 | 23,569.44 |
| 2 | 433.24 | 146.72 | 23,136.20 |
| 3 | 435.93 | 144.02 | 22,700.27 |
| 4 | 438.65 | 141.31 | 22,261.62 |
| 5 | 441.38 | 138.58 | 21,820.24 |
| 6 | 444.13 | 135.83 | 21,376.12 |
| 7 | 446.89 | 133.07 | 20,929.22 |
| 8 | 449.67 | 130.28 | 20,479.55 |
| 9 | 452.47 | 127.49 | 20,027.08 |
| 10 | 455.29 | 124.67 | 19,571.79 |
| 11 | 458.12 | 121.83 | 19,113.67 |
| 12 | 460.98 | 118.98 | 18,652.69 |
| 13 | 463.84 | 116.11 | 18,188.85 |
| 14 | 466.73 | 113.23 | 17,722.11 |
| 15 | 469.64 | 110.32 | 17,252.48 |
| 16 | 472.56 | 107.40 | 16,779.92 |
| 17 | 475.50 | 104.45 | 16,304.41 |
| 18 | 478.46 | 101.49 | 15,825.95 |
| 19 | 481.44 | 98.52 | 15,344.51 |
| 20 | 484.44 | 95.52 | 14,860.07 |
| 21 | 487.45 | 92.50 | 14,372.62 |
| 22 | 490.49 | 89.47 | 13,882.13 |
| 23 | 493.54 | 86.42 | 13,388.59 |
| 24 | 496.61 | 83.34 | 12,891.97 |
| 25 | 499.71 | 80.25 | 12,392.27 |
| 26 | 502.82 | 77.14 | 11,889.45 |
| 27 | 505.95 | 74.01 | 11,383.51 |
| 28 | 509.10 | 70.86 | 10,874.41 |
| 29 | 512.26 | 67.69 | 10,362.15 |
| 30 | 515.45 | 64.50 | 9,846.69 |
| 31 | 518.66 | 61.30 | 9,328.03 |
| 32 | 521.89 | 58.07 | 8,806.14 |
| 33 | 525.14 | 54.82 | 8,281.00 |
| 34 | 528.41 | 51.55 | 7,752.59 |
| 35 | 531.70 | 48.26 | 7,220.89 |
| 36 | 535.01 | 44.95 | 6,685.89 |
| 37 | 538.34 | 41.62 | 6,147.55 |
| 38 | 541.69 | 38.27 | 5,605.86 |
| 39 | 545.06 | 34.90 | 5,060.80 |
| 40 | 548.45 | 31.50 | 4,512.34 |
| 41 | 551.87 | 28.09 | 3,960.48 |
| 42 | 555.30 | 24.65 | 3,405.17 |
| 43 | 558.76 | 21.20 | 2,846.41 |
| 44 | 562.24 | 17.72 | 2,284.17 |
| 45 | 565.74 | 14.22 | 1,718.43 |
| 46 | 569.26 | 10.70 | 1,149.17 |
| 47 | 572.80 | 7.15 | 576.37 |
| 48 | 576.37 | 3.59 | 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.