PAYMENT CALCULATOR
Break down every dollar — monthly payment, total interest, and what the dealer is really making
VEHICLE & DEAL
$
More = less interest
$
$
Negotiable!
$
%
FINANCING
Get pre-approved first!
%
months
ESTIMATED MONTHLY PAYMENT
$657.79
for 60 months at 6.9% APR
FULL DEAL BREAKDOWN
Vehicle Price
$35,000Sales Tax
$2,800Doc / Dealer Fees
$499Total Vehicle Cost
$38,299Down Payment
- $5,000Trade-In Applied
- $0Amount Financed
$33,299Total Interest Paid
$6,168Total Cost of Vehicle
$44,467WHAT THE DEALER MAKES
Est. Front-End Gross (~4%)Negotiable
$1,400Finance Rate Markup (4.4% above buy rate)Avoidable
$35,692Insider: Dealers typically mark up the interest rate 1–3% above what the bank approves them for. On a $30K loan at 60 months, that's $1,500–$2,500 in extra profit. Always get pre-approved before you walk in.
AMORTIZATION — FIRST 6 MONTHS
See how much of your early payments go to interest vs. principal
| Mo | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $657.79 | $466.32 | $191.47 | $32,833 |
| 2 | $657.79 | $469.00 | $188.79 | $32,364 |
| 3 | $657.79 | $471.70 | $186.09 | $31,892 |
| 4 | $657.79 | $474.41 | $183.38 | $31,418 |
| 5 | $657.79 | $477.14 | $180.65 | $30,940 |
| 6 | $657.79 | $479.88 | $177.91 | $30,461 |
In the early months, most of your payment goes to interest — not equity. This is why long loan terms are so profitable for lenders.
TERM COMPARISON
| Term | Monthly | Total Interest | Total Cost |
|---|---|---|---|
| 36mo | $1,026.65 | $3,661 | $41,960 |
| 48mo | $795.84 | $4,901 | $43,200 |
| 60mo | $657.79 | $6,168 | $44,467 |
| 72mo | $566.12 | $7,461 | $45,760 |
| 84mo | $500.94 | $8,780 | $47,079 |