Car purchase date field was left empty or was in wrong format and now it is replaced with todays date!
Car payoff calculator and early car/auto pay off calculator results
and the generated car loan amortization schedule.
Car loan payments info:
$351.86 / payment
A single monthly payment for a $15,000.00 car loan would be $351.86 per payment.
If the car loan length is 48 months, it gives us a total of 48 payments. You will have to make 12 payments per year to your lending institution or lender for auto loans like this.
Altough we have made every effort to ensure the accuracy, we accept no responsibility for errors or omissions caused by the car payoff calculator.
Scroll down to the end of the page to view the car loan payoff summary.
Auto/Car Payoff Caluclator's amortization schedule
How to use the car payoff calculator:
First of all we need to know the financed amount, car loan annual interest rate, auto loan length and payment periodicity to find the monthly car loan payments amount and to create a car loan amortization schedule. If you enter the car price and down payment, the auto loan calculator will populate the financed amount field automatically. Note that the annual interest rate must be given in percentage.
| period: | date: | interest paid: | principal paid: | remaining balance: |
| 1 | 05/25/2024 | $74.25 | $277.61 | $14,722.39 |
| 2 | 06/25/2024 | $72.88 | $278.98 | $14,443.41 |
| 3 | 07/25/2024 | $71.49 | $280.37 | $14,163.04 |
| 4 | 08/25/2024 | $70.11 | $281.75 | $13,881.29 |
| 5 | 09/25/2024 | $68.71 | $283.15 | $13,598.14 |
| 6 | 10/25/2024 | $67.31 | $284.55 | $13,313.59 |
| 7 | 11/25/2024 | $65.90 | $285.96 | $13,027.63 |
| 8 | 12/25/2024 | $64.49 | $287.37 | $12,740.26 |
| Car loan amortization schedule for year 1 (2024): You will spend $2,259.74 on principal $555.14 on interest. |
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| period: | date: | interest paid: | principal paid: | remaining balance: |
| 9 | 01/25/2025 | $63.06 | $288.80 | $12,451.46 |
| 10 | 02/25/2025 | $61.63 | $290.23 | $12,161.23 |
| 11 | 03/25/2025 | $60.20 | $291.66 | $11,869.57 |
| 12 | 04/25/2025 | $58.75 | $293.11 | $11,576.46 |
| 13 | 05/25/2025 | $57.30 | $294.56 | $11,281.90 |
| 14 | 06/25/2025 | $55.85 | $296.01 | $10,985.89 |
| 15 | 07/25/2025 | $54.38 | $297.48 | $10,688.41 |
| 16 | 08/25/2025 | $52.91 | $298.95 | $10,389.46 |
| 17 | 09/25/2025 | $51.43 | $300.43 | $10,089.03 |
| 18 | 10/25/2025 | $49.94 | $301.92 | $9,787.11 |
| 19 | 11/25/2025 | $48.45 | $303.41 | $9,483.70 |
| 20 | 12/25/2025 | $46.94 | $304.92 | $9,178.78 |
| Car loan amortization schedule for year 2 (2025): You will spend $3,561.48 on principal $660.84 on interest. |
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| period: | date: | interest paid: | principal paid: | remaining balance: |
| 21 | 01/25/2026 | $45.43 | $306.43 | $8,872.35 |
| 22 | 02/25/2026 | $43.92 | $307.94 | $8,564.41 |
| 23 | 03/25/2026 | $42.39 | $309.47 | $8,254.94 |
| 24 | 04/25/2026 | $40.86 | $311.00 | $7,943.94 |
| 25 | 05/25/2026 | $39.32 | $312.54 | $7,631.40 |
| 26 | 06/25/2026 | $37.78 | $314.08 | $7,317.32 |
| 27 | 07/25/2026 | $36.22 | $315.64 | $7,001.68 |
| 28 | 08/25/2026 | $34.66 | $317.20 | $6,684.48 |
| 29 | 09/25/2026 | $33.09 | $318.77 | $6,365.71 |
| 30 | 10/25/2026 | $31.51 | $320.35 | $6,045.36 |
| 31 | 11/25/2026 | $29.92 | $321.94 | $5,723.42 |
| 32 | 12/25/2026 | $28.33 | $323.53 | $5,399.89 |
| Car loan amortization schedule for year 3 (2026): You will spend $3,778.89 on principal $443.43 on interest. |
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| period: | date: | interest paid: | principal paid: | remaining balance: |
| 33 | 01/25/2027 | $26.73 | $325.13 | $5,074.76 |
| 34 | 02/25/2027 | $25.12 | $326.74 | $4,748.02 |
| 35 | 03/25/2027 | $23.50 | $328.36 | $4,419.66 |
| 36 | 04/25/2027 | $21.88 | $329.98 | $4,089.68 |
| 37 | 05/25/2027 | $20.24 | $331.62 | $3,758.06 |
| 38 | 06/25/2027 | $18.60 | $333.26 | $3,424.80 |
| 39 | 07/25/2027 | $16.95 | $334.91 | $3,089.89 |
| 40 | 08/25/2027 | $15.29 | $336.57 | $2,753.32 |
| 41 | 09/25/2027 | $13.63 | $338.23 | $2,415.09 |
| 42 | 10/25/2027 | $11.95 | $339.91 | $2,075.18 |
| 43 | 11/25/2027 | $10.27 | $341.59 | $1,733.59 |
| 44 | 12/25/2027 | $8.58 | $343.28 | $1,390.31 |
| Car loan amortization schedule for year 4 (2027): You will spend $4,009.58 on principal $212.74 on interest. |
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| period: | date: | interest paid: | principal paid: | remaining balance: |
| 45 | 01/25/2028 | $6.88 | $344.98 | $1,045.33 |
| 46 | 02/25/2028 | $5.17 | $346.69 | $698.64 |
| 47 | 03/25/2028 | $3.46 | $348.40 | $350.24 |
| 48 | 04/25/2028 | $1.73 | $350.24 | $0.00 |
| Car loan amortization schedule for year 5 (2028): You will spend $1,390.31 on principal $17.24 on interest. |
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Car loan payoff summary |
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| Car loan details: | Car loan payoff details: | |||||
| Financed amount: | $15,000.00 | Monthly payment: | $351.86 | |||
| Annual interest rate: | 5.94% | |||||
| Loan length: | 48 months | Overall extra payment: | $0.00 | |||
| Pay periodicity: | monthly | Interest paid without extra payments: | $1,889.39 | |||
| Purchase date: | 04/25/2024 | |||||
| Loan payoff date: | 04/25/2028 | Total savings on interest: | $0.00 | |||
| On a $15,000.00 car loan you will spend $16,889.39. $15,000.00 on principal and $1,889.39 on interest. | ||||||
| With early car loan payoff you can save money. Try adding $100 to every single payment to see the difference. | ||||||