How do I calculate my monthly car loan payment?

Auto loan calculator to calculate your monthly car payment. Enter amount of the loan, how many months or years to pay off the loan, and interest rate. Your monthly payment amount is split into two parts, principal and interest. The amount of your monthly payment applied toward your original loan is called principal.

How do car payment calculators work?

Auto payment calculators will likely use the same formulas your lender does to calculate your total interest and monthly payments. To calculate the car payment for your loan, you will need your estimated loan principal, interest rate or annual percentage rate, and loan term.

What is a monthly payment on a home loan?

Enter amount of the loan, how many months or years to pay off the loan, and interest rate. Your monthly payment amount is split into two parts, principal and interest. The amount of your monthly payment applied toward your original loan is called principal. The remainder of the monthly payment is paid as interest.