Car loan calculator
$496.68/month principal and interest
$4,801 total interest
Principal $25,000 Interest $4,801. 16¢ of every dollar paid goes to interest.
$25,000 financed over 60 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 | $347.93 | $148.75 | $24,652.07 |
| 2 | $350.00 | $146.68 | $24,302.06 |
| 3 | $352.09 | $144.60 | $23,949.98 |
| 4 | $354.18 | $142.50 | $23,595.80 |
| 5 | $356.29 | $140.39 | $23,239.51 |
| 6 | $358.41 | $138.28 | $22,881.10 |
| 7 | $360.54 | $136.14 | $22,520.56 |
| 8 | $362.69 | $134.00 | $22,157.88 |
| 9 | $364.84 | $131.84 | $21,793.03 |
| 10 | $367.01 | $129.67 | $21,426.02 |
| 11 | $369.20 | $127.48 | $21,056.82 |
| 12 | $371.39 | $125.29 | $20,685.42 |
Year by year
| Year | Principal | Interest | Balance at year end |
|---|---|---|---|
| 1 | $4,315 | $1,646 | $20,685 |
| 2 | $4,633 | $1,327 | $16,053 |
| 3 | $4,975 | $985 | $11,078 |
| 4 | $5,342 | $618 | $5,736 |
| 5 | $5,736 | $224 | $0 |
| Total | $25,000 | $4,801 | $0 |
Full schedule, all 60 payments
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | 347.93 | 148.75 | 24,652.07 |
| 2 | 350.00 | 146.68 | 24,302.06 |
| 3 | 352.09 | 144.60 | 23,949.98 |
| 4 | 354.18 | 142.50 | 23,595.80 |
| 5 | 356.29 | 140.39 | 23,239.51 |
| 6 | 358.41 | 138.28 | 22,881.10 |
| 7 | 360.54 | 136.14 | 22,520.56 |
| 8 | 362.69 | 134.00 | 22,157.88 |
| 9 | 364.84 | 131.84 | 21,793.03 |
| 10 | 367.01 | 129.67 | 21,426.02 |
| 11 | 369.20 | 127.48 | 21,056.82 |
| 12 | 371.39 | 125.29 | 20,685.42 |
| 13 | 373.60 | 123.08 | 20,311.82 |
| 14 | 375.83 | 120.86 | 19,935.99 |
| 15 | 378.06 | 118.62 | 19,557.93 |
| 16 | 380.31 | 116.37 | 19,177.62 |
| 17 | 382.58 | 114.11 | 18,795.04 |
| 18 | 384.85 | 111.83 | 18,410.19 |
| 19 | 387.14 | 109.54 | 18,023.04 |
| 20 | 389.45 | 107.24 | 17,633.60 |
| 21 | 391.76 | 104.92 | 17,241.84 |
| 22 | 394.09 | 102.59 | 16,847.74 |
| 23 | 396.44 | 100.24 | 16,451.30 |
| 24 | 398.80 | 97.89 | 16,052.51 |
| 25 | 401.17 | 95.51 | 15,651.33 |
| 26 | 403.56 | 93.13 | 15,247.78 |
| 27 | 405.96 | 90.72 | 14,841.82 |
| 28 | 408.37 | 88.31 | 14,433.44 |
| 29 | 410.80 | 85.88 | 14,022.64 |
| 30 | 413.25 | 83.43 | 13,609.39 |
| 31 | 415.71 | 80.98 | 13,193.69 |
| 32 | 418.18 | 78.50 | 12,775.50 |
| 33 | 420.67 | 76.01 | 12,354.84 |
| 34 | 423.17 | 73.51 | 11,931.66 |
| 35 | 425.69 | 70.99 | 11,505.98 |
| 36 | 428.22 | 68.46 | 11,077.75 |
| 37 | 430.77 | 65.91 | 10,646.98 |
| 38 | 433.33 | 63.35 | 10,213.65 |
| 39 | 435.91 | 60.77 | 9,777.74 |
| 40 | 438.51 | 58.18 | 9,339.23 |
| 41 | 441.11 | 55.57 | 8,898.12 |
| 42 | 443.74 | 52.94 | 8,454.38 |
| 43 | 446.38 | 50.30 | 8,008.00 |
| 44 | 449.04 | 47.65 | 7,558.96 |
| 45 | 451.71 | 44.98 | 7,107.26 |
| 46 | 454.39 | 42.29 | 6,652.86 |
| 47 | 457.10 | 39.58 | 6,195.76 |
| 48 | 459.82 | 36.86 | 5,735.95 |
| 49 | 462.55 | 34.13 | 5,273.39 |
| 50 | 465.31 | 31.38 | 4,808.08 |
| 51 | 468.07 | 28.61 | 4,340.01 |
| 52 | 470.86 | 25.82 | 3,869.15 |
| 53 | 473.66 | 23.02 | 3,395.49 |
| 54 | 476.48 | 20.20 | 2,919.01 |
| 55 | 479.31 | 17.37 | 2,439.69 |
| 56 | 482.17 | 14.52 | 1,957.53 |
| 57 | 485.04 | 11.65 | 1,472.49 |
| 58 | 487.92 | 8.76 | 984.57 |
| 59 | 490.82 | 5.86 | 493.75 |
| 60 | 493.75 | 2.94 | 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.