Shopping for a new or used car? Use our free car loan calculator to see your monthly payment and the total interest cost over the life of the loan. Use our calculator to determine your monthly auto ...

Principal is the amount you borrowed, and interest is the amount you pay to the lender as a charge for borrowing. To calculate interest, multiply the principal amount by the interest rate, then ...

Your payment is calculated based on your chosen interest rate and repayment period. The type of loan (interest-only or amortizing) will determine the loan payment formula and how interest is ...