Car loan calculator

$592.04/month principal and interest

$3,918 total interest

Principal $24,500 Interest $3,918. 14¢ of every dollar paid goes to interest.

$24,500 financed over 48 months at 7.47%.

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

Amortization schedule

Amortization schedule for a $24,500 car loan at 7.47% over 48 months, months 1–12; each payment $592.04
Month	Principal	Interest	Balance
1	$439.53	$152.51	$24,060.47
2	$442.26	$149.78	$23,618.21
3	$445.02	$147.02	$23,173.19
4	$447.79	$144.25	$22,725.40
5	$450.57	$141.47	$22,274.83
6	$453.38	$138.66	$21,821.45
7	$456.20	$135.84	$21,365.25
8	$459.04	$133.00	$20,906.21
9	$461.90	$130.14	$20,444.31
10	$464.77	$127.27	$19,979.53
11	$467.67	$124.37	$19,511.87
12	$470.58	$121.46	$19,041.29

Totals for each loan year
Year	Principal	Interest	Balance at year end
1	$5,459	$1,646	$19,041
2	$5,881	$1,224	$13,161
3	$6,335	$769	$6,825
4	$6,825	$279	$0
Total	$24,500	$3,918	$0

Full schedule, all 48 payments

Amortization schedule for a $24,500 car loan at 7.47% over 48 months, every payment
Month	Principal	Interest	Balance
1	439.53	152.51	24,060.47
2	442.26	149.78	23,618.21
3	445.02	147.02	23,173.19
4	447.79	144.25	22,725.40
5	450.57	141.47	22,274.83
6	453.38	138.66	21,821.45
7	456.20	135.84	21,365.25
8	459.04	133.00	20,906.21
9	461.90	130.14	20,444.31
10	464.77	127.27	19,979.53
11	467.67	124.37	19,511.87
12	470.58	121.46	19,041.29
13	473.51	118.53	18,567.78
14	476.46	115.58	18,091.32
15	479.42	112.62	17,611.90
16	482.41	109.63	17,129.50
17	485.41	106.63	16,644.09
18	488.43	103.61	16,155.66
19	491.47	100.57	15,664.19
20	494.53	97.51	15,169.66
21	497.61	94.43	14,672.05
22	500.71	91.33	14,171.34
23	503.82	88.22	13,667.52
24	506.96	85.08	13,160.56
25	510.12	81.92	12,650.44
26	513.29	78.75	12,137.15
27	516.49	75.55	11,620.66
28	519.70	72.34	11,100.96
29	522.94	69.10	10,578.02
30	526.19	65.85	10,051.83
31	529.47	62.57	9,522.37
32	532.76	59.28	8,989.60
33	536.08	55.96	8,453.52
34	539.42	52.62	7,914.10
35	542.77	49.27	7,371.33
36	546.15	45.89	6,825.18
37	549.55	42.49	6,275.62
38	552.97	39.07	5,722.65
39	556.42	35.62	5,166.23
40	559.88	32.16	4,606.35
41	563.37	28.67	4,042.99
42	566.87	25.17	3,476.11
43	570.40	21.64	2,905.71
44	573.95	18.09	2,331.76
45	577.52	14.52	1,754.24
46	581.12	10.92	1,173.12
47	584.74	7.30	588.38
48	588.38	3.66	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.