Auto Loan Interest Calculator
How much interest will the car loan cost?
Your figures stay on your computer — no server, no tracking, no registrationTry: Loan amount=24000, APR=5.9, Term=5 → $24,000, $463, $27,772, $3,772
How to use
This returns the total interest over the life of the loan — the cost of borrowing on top of the principal.
Formula
Total interest = PMT × months − principal.
FAQ
Why pay attention to total interest?
A low monthly payment on a long term can hide a large interest cost.
Lower the rate or the term?
Both cut interest; a shorter term cuts it fastest.
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