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Same math as banks—enter amount, APR, and term for a fast estimate
Use this free auto loan calculator to estimate your monthly payment, total interest, and full loan cost. No signup required.
Last updated: March 2026
Monthly Payment
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Total Interest
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Total Payment
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“Auto” and car loan use the same math. More: general loan, personal, mortgage.
Estimate only. Home · Mortgage · Personal
Jump to the calculator you need—auto, car, personal, mortgage, or by amount:
An auto loan finances a vehicle and is repaid in fixed monthly installments. Each payment splits into interest (the cost of borrowing) and principal (reducing what you owe). Your monthly amount depends on the amount financed, annual rate, and term. At 7% for 60 months on $22,000, expect about $436/month. Try our car loan calculator, car loan for $20,000, 60 month auto loan, affordability calculator, or personal loan calculator.
A $22,000 auto loan at 7% for 60 months gives a monthly payment of about $436. Over five years you’d repay roughly $26,150 in total—$4,150 in interest. A 48-month term at the same rate raises the payment to $528 but cuts total interest to about $3,350. Use the calculator above to compare your options.
How loan term affects monthly payment and total interest:
| Term | Monthly Payment | Total Interest |
|---|---|---|
| 48 months | $528 | $3,350 |
| 60 months | $436 | $4,150 |
| 72 months | $376 | $5,050 |
See 48 month and 60 month auto loan calculators for dedicated tools.
Get pre-approved from a bank or credit union, then compare dealer offers. Look at total interest, not just the monthly payment—a longer term lowers the payment but costs more overall. If taxes or fees are rolled in, add them to the loan amount. Compare with our car loan calculator, mortgage calculator, personal loan calculator, business loan calculator, or main loan calculator.