Car Loan Calculator: 25,000 at 6% Over 5 Years
Calculate the monthly payment, total cost and total interest of any loan, with a first-year amortization breakdown.
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Result
About this tool
This page opens the loan calculator preconfigured for a typical auto loan: 25,000 financed at 6% annual interest over a 5-year term. As soon as the page loads it computes the monthly payment, the total amount repaid and a month-by-month breakdown for the first year — nothing here is a static illustration.
Auto loans are secured by the vehicle itself, which is why their rates usually sit below unsecured personal loans, and lenders commonly offer terms from three to seven years. Stretching the term lowers the monthly payment but increases the total interest paid and slows how quickly the loan catches up with the car's depreciation, so the five-year term used here is a deliberately middle-of-the-road choice, not the cheapest or the longest option available.
Swap in the amount, rate and term from an actual dealer or bank quote to see the real numbers, and try lengthening or shortening the term to compare the trade-off between a lower monthly payment and a lower total cost — the first-year schedule below shows exactly how much of the early payments goes to interest versus paying down the car itself.
Example. A principal of 10000 at 8 percent annual interest for 36 months returns a monthly payment of 313.36, a total paid of 11281.09, and interest of 1281.09.
Limit. The amortization table covers only the first 12 months, even when the term is longer, and a zero rate divides the principal evenly with no interest.