Car loan payment calculator
Estimate a monthly car payment and compare the total interest at 36, 48, 60, 72, and 84 months. APR and loan terms explained
Estimated monthly payment
$554
Borrowing $28,000 for 60 months at 7%. Total interest $5,266.
| Term | Monthly | Total interest | Total paid |
|---|---|---|---|
| 36 mo | $865 | $3,124 | $35,124 |
| 48 mo | $670 | $4,184 | $36,184 |
| 60 mo | $554 | $5,266 | $37,266 |
| 72 mo | $477 | $6,371 | $38,371 |
| 84 mo | $423 | $7,498 | $39,498 |
Longer terms lower the payment and raise the total. Rates usually rise with term length too, which this table does not model. An estimate, not a loan offer.
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