Auto Loan Amortization Calculator
Build a complete month-by-month amortization schedule. View by year, expand to monthly detail, or download as CSV.
Estimate only. Estimate only. Not a loan offer, lender quote, dealer quote, lease agreement, retail installment sales contract, DMV estimate, or financial advice. Actual rates, payments, taxes, fees, incentives, residual values, insurance, fuel, and maintenance costs may vary.
Loan inputs
Monthly payment
$586.98
Total interest
$5,219.11
Payoff date
Apr 6, 2031
Schedule
| Year | Principal | Interest | Ending balance |
|---|---|---|---|
| 2026 | $3,460.92 | $1,234.92 | $26,539.08 |
| 2027 | $5,480.08 | $1,563.68 | $21,059.00 |
| 2028 | $5,847.09 | $1,196.67 | $15,211.91 |
| 2029 | $6,238.67 | $805.09 | $8,973.24 |
| 2030 | $6,656.47 | $387.29 | $2,316.77 |
| 2031 | $2,316.46 | $31.46 | $0.31 |
60 payment rows.
Balance over time
Loan balance and cumulative interest by month.
Assumptions usedv2026-05-04
- APR6.50%
- Term60 months
- Start dateMay 6, 2026
Auto Loan Amortization
Car Finance Tools · https://carfinancetools.com
Generated: 2026-05-06T01:52:30.209Z · Assumptions version: 2026-05-04
Inputs
- Loan amount
- $30,000.00
- APR
- 6.50%
- Term
- 60 months
- Start date
- May 6, 2026
Results
- Monthly payment
- $586.98
- Total interest
- $5,219.11
- Payoff date
- Apr 6, 2031
Estimate only. Not a loan offer, lender quote, dealer quote, lease agreement, retail installment sales contract, DMV estimate, or financial advice. Actual rates, payments, taxes, fees, incentives, residual values, insurance, fuel, and maintenance costs may vary.
How this is calculated
Each month: interest = beginning balance × APR/12. Principal = scheduled payment − interest. The balance steps down to zero by the end of the term.
Frequently asked questions
- What is amortization?
- Amortization splits each fixed monthly payment into interest and principal. As the balance falls, the share that goes to principal grows.
- Can I download the schedule?
- Yes — the schedule can be exported to CSV or printed.
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