Before buying a car, you first need to understand what your monthly loan payment will be. Use our car loan repayment calculator to see the total principal and interest you’ll owe each month, depending on the loan amount, annual interest rate, and the length of time over the loan will be repaid (also known as "the term").

Say that you want to determine a $20,000 loan monthly payment at 5% over a 5-year period. Using our car loan payment calculator, enter

  • “$20,000” as the Loan Amount
  • “5” as the Term, and
  • “5” as the Annual Interest Rate.
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