Auto Loan Early Payoff Calculator

See how much interest you can save by increasing your monthly auto loan payment.

  • Methods explained
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  • Compare saved scenarios

Loan Details

$
%
60 months
$

Payoff Comparison

Standard Payments

Monthly Payment$587
Payoff Time5
Total Interest$5,219

With Extra Payments

Monthly Payment$687
Payoff Time4
Total Interest$4,323
Time Saved10
Interest Saved$896
How it works›

Model and assumptions. Calculates the financed amount after the entered price adjustments, down payment, trade equity and fees, then projects monthly interest and principal. Extra payments reduce principal and later interest. Taxes, payoff quotes, payment dates and lender-specific charges should be entered explicitly.OpenStax: annuity formulasCFPB: auto loan guide