Paymentcal | DealerPlan

Loan Calculator

Loan Amount?:

Number of Months? (#):

Annual Interest Rate?:

Payment Method?:

Monthly Payment:

Total Interest:

Total Principal & Interest:

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$ : mm/dd/yyyy

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Loan Calculator Help...

Using the calculator is straight forward. User enters a "loan amount", "number of months", "annual interest rate". The calculator calculates the number of monthly payments.

The "Payment Method" determines when the first payment is due. With the default selection, "End-of-Period", the first payment will be due one month after the loan is made. If "Start-of-Period" is selected, then the first payment will be due on the loan date.

The term (duration) of the loan is expressed as a number of months.

60 months = 5 years
120 months = 10 years
180 months = 15 years
240 months = 20 years
360 months = 30 years

Need more options including the ability to solve for other unknowns, change payment / compounding frequency and the ability to print an amortization schedule? Please visit, https://financial-calculators.com/loan-calculator

Auto Loan Calculator

Price of Car?:

Down Payment Amount?:

Amount of Loan?:

Enter a "0" (zero) for one unknown value above.

Number of Months? (#):

Annual Interest Rate?:

Payment Method?:

Payment Amount:

Down Payment Percent:

Total Interest:

Total Principal & Interest:

©2017 financial-calculators.com, all rights reserved
$ : mm/dd/yyyy

Original Size

Auto Loan Calculator Help

Use this calculator to calculate loan details when the down payment is expressed as an amount.

Unlike a general loan calculator, this calculator allows for two unknown values. In addition to solving for the monthly payment amount, it will also calculate the "Price of the Car", the "Down Payment Amount" or the "Amount of the Loan". Just enter a "0" (zero) for one of the three values and provide the other two.

Note that the calculator calculates what percentage the down payment is of the price of the car. This is handy when a lender requires a borrower to provide a minimum percentage cash deposit.

The term (duration) of the loan is expressed as a number of months.

60 months = 5 years
120 months = 10 years
180 months = 15 years
240 months = 20 years
360 months = 30 years

If you need the ability to print the amortization schedule, or more flexibility such as selecting different payment or compounding frequencies or the ability to calculate term or interest rate, please see the auto loan calculator here: https://financial-calculators.com/auto-loan-calculator

Enter only numeric values (no commas), using decimal points where needed. Non-numeric values will cause errors.
The results of this loan payment calculator are a close approximation of actual loan repayments and should be used to give you a general idea of monthly payment amounts. Please contact us if you have any questions regarding the usage or results from this calculator.

Instructions: Enter values for the Loan Amount (subtract any down payments), Number of Months for Loan, and the Interest Rate (e.g. 7.25), and click the calculate button. You may change your values without clicking reset, but you must reset if you would like to change your entry of Monthly Payment to Loan Amount.

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