Car loan calculator
$516.55/month principal and interest
$4,993 total interest
Principal $26,000 Interest $4,993. 16¢ of every dollar paid goes to interest.
$26,000 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 | $361.85 | $154.70 | $25,638.15 |
| 2 | $364.00 | $152.55 | $25,274.15 |
| 3 | $366.17 | $150.38 | $24,907.98 |
| 4 | $368.35 | $148.20 | $24,539.63 |
| 5 | $370.54 | $146.01 | $24,169.09 |
| 6 | $372.74 | $143.81 | $23,796.35 |
| 7 | $374.96 | $141.59 | $23,421.38 |
| 8 | $377.19 | $139.36 | $23,044.19 |
| 9 | $379.44 | $137.11 | $22,664.75 |
| 10 | $381.69 | $134.86 | $22,283.06 |
| 11 | $383.97 | $132.58 | $21,899.09 |
| 12 | $386.25 | $130.30 | $21,512.84 |
Year by year
| Year | Principal | Interest | Balance at year end |
|---|---|---|---|
| 1 | $4,487 | $1,711 | $21,513 |
| 2 | $4,818 | $1,380 | $16,695 |
| 3 | $5,174 | $1,025 | $11,521 |
| 4 | $5,555 | $643 | $5,965 |
| 5 | $5,965 | $233 | $0 |
| Total | $26,000 | $4,993 | $0 |
Full schedule, all 60 payments
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | 361.85 | 154.70 | 25,638.15 |
| 2 | 364.00 | 152.55 | 25,274.15 |
| 3 | 366.17 | 150.38 | 24,907.98 |
| 4 | 368.35 | 148.20 | 24,539.63 |
| 5 | 370.54 | 146.01 | 24,169.09 |
| 6 | 372.74 | 143.81 | 23,796.35 |
| 7 | 374.96 | 141.59 | 23,421.38 |
| 8 | 377.19 | 139.36 | 23,044.19 |
| 9 | 379.44 | 137.11 | 22,664.75 |
| 10 | 381.69 | 134.86 | 22,283.06 |
| 11 | 383.97 | 132.58 | 21,899.09 |
| 12 | 386.25 | 130.30 | 21,512.84 |
| 13 | 388.55 | 128.00 | 21,124.29 |
| 14 | 390.86 | 125.69 | 20,733.43 |
| 15 | 393.19 | 123.36 | 20,340.25 |
| 16 | 395.53 | 121.02 | 19,944.72 |
| 17 | 397.88 | 118.67 | 19,546.84 |
| 18 | 400.25 | 116.30 | 19,146.59 |
| 19 | 402.63 | 113.92 | 18,743.97 |
| 20 | 405.02 | 111.53 | 18,338.94 |
| 21 | 407.43 | 109.12 | 17,931.51 |
| 22 | 409.86 | 106.69 | 17,521.65 |
| 23 | 412.30 | 104.25 | 17,109.36 |
| 24 | 414.75 | 101.80 | 16,694.61 |
| 25 | 417.22 | 99.33 | 16,277.39 |
| 26 | 419.70 | 96.85 | 15,857.69 |
| 27 | 422.20 | 94.35 | 15,435.49 |
| 28 | 424.71 | 91.84 | 15,010.78 |
| 29 | 427.24 | 89.31 | 14,583.55 |
| 30 | 429.78 | 86.77 | 14,153.77 |
| 31 | 432.34 | 84.21 | 13,721.43 |
| 32 | 434.91 | 81.64 | 13,286.53 |
| 33 | 437.50 | 79.05 | 12,849.03 |
| 34 | 440.10 | 76.45 | 12,408.93 |
| 35 | 442.72 | 73.83 | 11,966.21 |
| 36 | 445.35 | 71.20 | 11,520.86 |
| 37 | 448.00 | 68.55 | 11,072.86 |
| 38 | 450.67 | 65.88 | 10,622.19 |
| 39 | 453.35 | 63.20 | 10,168.85 |
| 40 | 456.05 | 60.50 | 9,712.80 |
| 41 | 458.76 | 57.79 | 9,254.04 |
| 42 | 461.49 | 55.06 | 8,792.55 |
| 43 | 464.23 | 52.32 | 8,328.32 |
| 44 | 467.00 | 49.55 | 7,861.32 |
| 45 | 469.78 | 46.77 | 7,391.55 |
| 46 | 472.57 | 43.98 | 6,918.98 |
| 47 | 475.38 | 41.17 | 6,443.59 |
| 48 | 478.21 | 38.34 | 5,965.38 |
| 49 | 481.06 | 35.49 | 5,484.33 |
| 50 | 483.92 | 32.63 | 5,000.41 |
| 51 | 486.80 | 29.75 | 4,513.61 |
| 52 | 489.69 | 26.86 | 4,023.92 |
| 53 | 492.61 | 23.94 | 3,531.31 |
| 54 | 495.54 | 21.01 | 3,035.77 |
| 55 | 498.49 | 18.06 | 2,537.28 |
| 56 | 501.45 | 15.10 | 2,035.83 |
| 57 | 504.44 | 12.11 | 1,531.39 |
| 58 | 507.44 | 9.11 | 1,023.95 |
| 59 | 510.46 | 6.09 | 513.49 |
| 60 | 513.49 | 3.06 | 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.