Car loan calculator
$394.19/month principal and interest
$7,112 total interest
Principal $26,000 Interest $7,112. 21¢ of every dollar paid goes to interest.
$26,000 financed over 84 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 | $239.49 | $154.70 | $25,760.51 |
| 2 | $240.92 | $153.28 | $25,519.59 |
| 3 | $242.35 | $151.84 | $25,277.24 |
| 4 | $243.79 | $150.40 | $25,033.45 |
| 5 | $245.24 | $148.95 | $24,788.21 |
| 6 | $246.70 | $147.49 | $24,541.51 |
| 7 | $248.17 | $146.02 | $24,293.34 |
| 8 | $249.65 | $144.55 | $24,043.69 |
| 9 | $251.13 | $143.06 | $23,792.56 |
| 10 | $252.63 | $141.57 | $23,539.93 |
| 11 | $254.13 | $140.06 | $23,285.80 |
| 12 | $255.64 | $138.55 | $23,030.16 |
Year by year
| Year | Principal | Interest | Balance at year end |
|---|---|---|---|
| 1 | $2,970 | $1,760 | $23,030 |
| 2 | $3,189 | $1,541 | $19,841 |
| 3 | $3,424 | $1,306 | $16,417 |
| 4 | $3,677 | $1,053 | $12,740 |
| 5 | $3,948 | $782 | $8,792 |
| 6 | $4,240 | $491 | $4,552 |
| 7 | $4,552 | $178 | $0 |
| Total | $26,000 | $7,112 | $0 |
Full schedule, all 84 payments
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | 239.49 | 154.70 | 25,760.51 |
| 2 | 240.92 | 153.28 | 25,519.59 |
| 3 | 242.35 | 151.84 | 25,277.24 |
| 4 | 243.79 | 150.40 | 25,033.45 |
| 5 | 245.24 | 148.95 | 24,788.21 |
| 6 | 246.70 | 147.49 | 24,541.51 |
| 7 | 248.17 | 146.02 | 24,293.34 |
| 8 | 249.65 | 144.55 | 24,043.69 |
| 9 | 251.13 | 143.06 | 23,792.56 |
| 10 | 252.63 | 141.57 | 23,539.93 |
| 11 | 254.13 | 140.06 | 23,285.80 |
| 12 | 255.64 | 138.55 | 23,030.16 |
| 13 | 257.16 | 137.03 | 22,773.00 |
| 14 | 258.69 | 135.50 | 22,514.31 |
| 15 | 260.23 | 133.96 | 22,254.08 |
| 16 | 261.78 | 132.41 | 21,992.30 |
| 17 | 263.34 | 130.85 | 21,728.96 |
| 18 | 264.90 | 129.29 | 21,464.06 |
| 19 | 266.48 | 127.71 | 21,197.58 |
| 20 | 268.07 | 126.13 | 20,929.51 |
| 21 | 269.66 | 124.53 | 20,659.85 |
| 22 | 271.27 | 122.93 | 20,388.58 |
| 23 | 272.88 | 121.31 | 20,115.71 |
| 24 | 274.50 | 119.69 | 19,841.20 |
| 25 | 276.14 | 118.06 | 19,565.07 |
| 26 | 277.78 | 116.41 | 19,287.29 |
| 27 | 279.43 | 114.76 | 19,007.85 |
| 28 | 281.09 | 113.10 | 18,726.76 |
| 29 | 282.77 | 111.42 | 18,443.99 |
| 30 | 284.45 | 109.74 | 18,159.54 |
| 31 | 286.14 | 108.05 | 17,873.40 |
| 32 | 287.84 | 106.35 | 17,585.56 |
| 33 | 289.56 | 104.63 | 17,296.00 |
| 34 | 291.28 | 102.91 | 17,004.72 |
| 35 | 293.01 | 101.18 | 16,711.70 |
| 36 | 294.76 | 99.43 | 16,416.95 |
| 37 | 296.51 | 97.68 | 16,120.44 |
| 38 | 298.27 | 95.92 | 15,822.16 |
| 39 | 300.05 | 94.14 | 15,522.11 |
| 40 | 301.83 | 92.36 | 15,220.28 |
| 41 | 303.63 | 90.56 | 14,916.65 |
| 42 | 305.44 | 88.75 | 14,611.21 |
| 43 | 307.25 | 86.94 | 14,303.96 |
| 44 | 309.08 | 85.11 | 13,994.87 |
| 45 | 310.92 | 83.27 | 13,683.95 |
| 46 | 312.77 | 81.42 | 13,371.18 |
| 47 | 314.63 | 79.56 | 13,056.55 |
| 48 | 316.51 | 77.69 | 12,740.04 |
| 49 | 318.39 | 75.80 | 12,421.65 |
| 50 | 320.28 | 73.91 | 12,101.37 |
| 51 | 322.19 | 72.00 | 11,779.18 |
| 52 | 324.11 | 70.09 | 11,455.08 |
| 53 | 326.03 | 68.16 | 11,129.04 |
| 54 | 327.97 | 66.22 | 10,801.07 |
| 55 | 329.93 | 64.27 | 10,471.14 |
| 56 | 331.89 | 62.30 | 10,139.26 |
| 57 | 333.86 | 60.33 | 9,805.39 |
| 58 | 335.85 | 58.34 | 9,469.54 |
| 59 | 337.85 | 56.34 | 9,131.70 |
| 60 | 339.86 | 54.33 | 8,791.84 |
| 61 | 341.88 | 52.31 | 8,449.96 |
| 62 | 343.91 | 50.28 | 8,106.04 |
| 63 | 345.96 | 48.23 | 7,760.08 |
| 64 | 348.02 | 46.17 | 7,412.06 |
| 65 | 350.09 | 44.10 | 7,061.97 |
| 66 | 352.17 | 42.02 | 6,709.80 |
| 67 | 354.27 | 39.92 | 6,355.53 |
| 68 | 356.38 | 37.82 | 5,999.16 |
| 69 | 358.50 | 35.69 | 5,640.66 |
| 70 | 360.63 | 33.56 | 5,280.03 |
| 71 | 362.78 | 31.42 | 4,917.26 |
| 72 | 364.93 | 29.26 | 4,552.32 |
| 73 | 367.11 | 27.09 | 4,185.22 |
| 74 | 369.29 | 24.90 | 3,815.93 |
| 75 | 371.49 | 22.70 | 3,444.44 |
| 76 | 373.70 | 20.49 | 3,070.74 |
| 77 | 375.92 | 18.27 | 2,694.82 |
| 78 | 378.16 | 16.03 | 2,316.67 |
| 79 | 380.41 | 13.78 | 1,936.26 |
| 80 | 382.67 | 11.52 | 1,553.59 |
| 81 | 384.95 | 9.24 | 1,168.64 |
| 82 | 387.24 | 6.95 | 781.40 |
| 83 | 389.54 | 4.65 | 391.86 |
| 84 | 391.86 | 2.33 | 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.