Car loan interest calculator
The average new car sold for $50,562 in September 2026.
Cash you'll put down.
After paying off any loan on it.
New-car loans averaged 7.54% over 60 months at banks in August 2026.
Your state and local rate, if you finance it.
Title, registration and dealer fees in the loan.
Loan length
You'll pay in interest
$9,268
Borrowing $45,562 at 7.54% for 60 months: $914 a month. Over 36 months it would be $1,418 a month and $3,779 less interest.
- Car price
- $50,562
- Down payment and trade-in
- −$5,000
- Amount financed
- $45,562
- Interest
- $9,268
- Total cost of the car
- $59,830
Year-by-year schedule
| Year | Principal | Interest | Still owed |
|---|---|---|---|
| 1 | $7,796 | $3,170 | $37,766 |
| 2 | $8,405 | $2,561 | $29,361 |
| 3 | $9,061 | $1,905 | $20,299 |
| 4 | $9,768 | $1,198 | $10,531 |
| 5 | $10,531 | $435 | $0 |
Car loan interest calculator by Points Frog ↗ · An educational estimate, not financial advice.