Car loan calculator
$932.77/month principal and interest
$3,580 total interest
Principal $30,000 Interest $3,580. 11¢ of every dollar paid goes to interest.
$30,000 financed over 36 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 | $746.02 | $186.75 | $29,253.98 |
| 2 | $750.67 | $182.11 | $28,503.31 |
| 3 | $755.34 | $177.43 | $27,747.97 |
| 4 | $760.04 | $172.73 | $26,987.93 |
| 5 | $764.77 | $168.00 | $26,223.15 |
| 6 | $769.53 | $163.24 | $25,453.62 |
| 7 | $774.32 | $158.45 | $24,679.30 |
| 8 | $779.14 | $153.63 | $23,900.15 |
| 9 | $783.99 | $148.78 | $23,116.16 |
| 10 | $788.88 | $143.90 | $22,327.28 |
| 11 | $793.79 | $138.99 | $21,533.49 |
| 12 | $798.73 | $134.05 | $20,734.77 |
Year by year
| Year | Principal | Interest | Balance at year end |
|---|---|---|---|
| 1 | $9,265 | $1,928 | $20,735 |
| 2 | $9,982 | $1,212 | $10,753 |
| 3 | $10,753 | $440 | $0 |
| Total | $30,000 | $3,580 | $0 |
Full schedule, all 36 payments
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | 746.02 | 186.75 | 29,253.98 |
| 2 | 750.67 | 182.11 | 28,503.31 |
| 3 | 755.34 | 177.43 | 27,747.97 |
| 4 | 760.04 | 172.73 | 26,987.93 |
| 5 | 764.77 | 168.00 | 26,223.15 |
| 6 | 769.53 | 163.24 | 25,453.62 |
| 7 | 774.32 | 158.45 | 24,679.30 |
| 8 | 779.14 | 153.63 | 23,900.15 |
| 9 | 783.99 | 148.78 | 23,116.16 |
| 10 | 788.88 | 143.90 | 22,327.28 |
| 11 | 793.79 | 138.99 | 21,533.49 |
| 12 | 798.73 | 134.05 | 20,734.77 |
| 13 | 803.70 | 129.07 | 19,931.07 |
| 14 | 808.70 | 124.07 | 19,122.37 |
| 15 | 813.74 | 119.04 | 18,308.63 |
| 16 | 818.80 | 113.97 | 17,489.83 |
| 17 | 823.90 | 108.87 | 16,665.93 |
| 18 | 829.03 | 103.75 | 15,836.90 |
| 19 | 834.19 | 98.58 | 15,002.71 |
| 20 | 839.38 | 93.39 | 14,163.33 |
| 21 | 844.61 | 88.17 | 13,318.72 |
| 22 | 849.86 | 82.91 | 12,468.86 |
| 23 | 855.15 | 77.62 | 11,613.70 |
| 24 | 860.48 | 72.30 | 10,753.23 |
| 25 | 865.83 | 66.94 | 9,887.39 |
| 26 | 871.22 | 61.55 | 9,016.17 |
| 27 | 876.65 | 56.13 | 8,139.52 |
| 28 | 882.10 | 50.67 | 7,257.42 |
| 29 | 887.60 | 45.18 | 6,369.82 |
| 30 | 893.12 | 39.65 | 5,476.70 |
| 31 | 898.68 | 34.09 | 4,578.02 |
| 32 | 904.28 | 28.50 | 3,673.74 |
| 33 | 909.90 | 22.87 | 2,763.84 |
| 34 | 915.57 | 17.20 | 1,848.27 |
| 35 | 921.27 | 11.51 | 927.00 |
| 36 | 927.00 | 5.77 | 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.