Car Loan Calculator

What will your monthly loan payment be?
Three factors affect your monthly loan payment: the amount financed, the length of the

loan, and the interest rate. One way to lower the monthly cost is to extend the length of

the loan. However, be cautious when using this strategy. A longer length makes a loan more

expensive over time due to the increase in interest. Use the calculator below to figure

the approximate monthly payment for your loan.

Loan amount ($)
Interest rate* (%)
Length of loan (in years)
*For adjustable-rate

loans, use your current rate as an estimate.


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