Car loan calculator
$628.29/month principal and interest
$4,158 total interest
Principal $26,000 Interest $4,158. 14¢ of every dollar paid goes to interest.
$26,000 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 | $466.44 | $161.85 | $25,533.56 |
| 2 | $469.34 | $158.95 | $25,064.22 |
| 3 | $472.26 | $156.02 | $24,591.96 |
| 4 | $475.20 | $153.08 | $24,116.76 |
| 5 | $478.16 | $150.13 | $23,638.60 |
| 6 | $481.14 | $147.15 | $23,157.46 |
| 7 | $484.13 | $144.16 | $22,673.33 |
| 8 | $487.15 | $141.14 | $22,186.18 |
| 9 | $490.18 | $138.11 | $21,696.00 |
| 10 | $493.23 | $135.06 | $21,202.77 |
| 11 | $496.30 | $131.99 | $20,706.47 |
| 12 | $499.39 | $128.90 | $20,207.08 |
Year by year
| Year | Principal | Interest | Balance at year end |
|---|---|---|---|
| 1 | $5,793 | $1,747 | $20,207 |
| 2 | $6,241 | $1,299 | $13,966 |
| 3 | $6,723 | $816 | $7,243 |
| 4 | $7,243 | $296 | $0 |
| Total | $26,000 | $4,158 | $0 |
Full schedule, all 48 payments
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | 466.44 | 161.85 | 25,533.56 |
| 2 | 469.34 | 158.95 | 25,064.22 |
| 3 | 472.26 | 156.02 | 24,591.96 |
| 4 | 475.20 | 153.08 | 24,116.76 |
| 5 | 478.16 | 150.13 | 23,638.60 |
| 6 | 481.14 | 147.15 | 23,157.46 |
| 7 | 484.13 | 144.16 | 22,673.33 |
| 8 | 487.15 | 141.14 | 22,186.18 |
| 9 | 490.18 | 138.11 | 21,696.00 |
| 10 | 493.23 | 135.06 | 21,202.77 |
| 11 | 496.30 | 131.99 | 20,706.47 |
| 12 | 499.39 | 128.90 | 20,207.08 |
| 13 | 502.50 | 125.79 | 19,704.58 |
| 14 | 505.63 | 122.66 | 19,198.96 |
| 15 | 508.77 | 119.51 | 18,690.18 |
| 16 | 511.94 | 116.35 | 18,178.24 |
| 17 | 515.13 | 113.16 | 17,663.11 |
| 18 | 518.33 | 109.95 | 17,144.78 |
| 19 | 521.56 | 106.73 | 16,623.22 |
| 20 | 524.81 | 103.48 | 16,098.41 |
| 21 | 528.07 | 100.21 | 15,570.33 |
| 22 | 531.36 | 96.93 | 15,038.97 |
| 23 | 534.67 | 93.62 | 14,504.30 |
| 24 | 538.00 | 90.29 | 13,966.30 |
| 25 | 541.35 | 86.94 | 13,424.96 |
| 26 | 544.72 | 83.57 | 12,880.24 |
| 27 | 548.11 | 80.18 | 12,332.13 |
| 28 | 551.52 | 76.77 | 11,780.61 |
| 29 | 554.95 | 73.33 | 11,225.66 |
| 30 | 558.41 | 69.88 | 10,667.25 |
| 31 | 561.88 | 66.40 | 10,105.37 |
| 32 | 565.38 | 62.91 | 9,539.99 |
| 33 | 568.90 | 59.39 | 8,971.08 |
| 34 | 572.44 | 55.85 | 8,398.64 |
| 35 | 576.01 | 52.28 | 7,822.64 |
| 36 | 579.59 | 48.70 | 7,243.04 |
| 37 | 583.20 | 45.09 | 6,659.84 |
| 38 | 586.83 | 41.46 | 6,073.01 |
| 39 | 590.48 | 37.80 | 5,482.53 |
| 40 | 594.16 | 34.13 | 4,888.37 |
| 41 | 597.86 | 30.43 | 4,290.52 |
| 42 | 601.58 | 26.71 | 3,688.94 |
| 43 | 605.32 | 22.96 | 3,083.61 |
| 44 | 609.09 | 19.20 | 2,474.52 |
| 45 | 612.88 | 15.40 | 1,861.64 |
| 46 | 616.70 | 11.59 | 1,244.94 |
| 47 | 620.54 | 7.75 | 624.40 |
| 48 | 624.40 | 3.89 | 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.