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Car loan repayment calculator

Also works for equipment and machinery finance.

Car and equipment loan terms usually run 1 to 7 years.

Maximum balloon varies by lender and asset age.

Monthly repayment$780.54
Balloon at end of term$15,000
Total payable$61,833
Total interest$11,833

A balloon lowers your monthly repayment but you’ll owe $15,000at the end of the term — paid out, refinanced, or covered by selling the asset.

Repayment schedule

Select a year to see each payment in it.

The balance left at the end of the term is the balloon.

YearRepaymentPrincipalInterestRemaining balance
$9,367$6,058$3,308$43,942
$9,367$6,496$2,870$37,445
$9,367$6,966$2,400$30,479
$9,367$7,470$1,897$23,010
$9,367$8,010$1,357$15,000
Principal and interest paid each year
  • Principal
  • Interest
Principal and interest paid each yearStacked bars, one per loan year, splitting each year’s repayments into principal and interest.$0$2.5k$5k$7.5k$10kYear 1: Principal $6,058, Interest $3,3081Year 2: Principal $6,496, Interest $2,8702Year 3: Principal $6,966, Interest $2,4003Year 4: Principal $7,470, Interest $1,8974Year 5: Principal $8,010, Interest $1,3575Years
Remaining loan balance
  • Loan balance
Remaining loan balanceLine chart of the loan balance at the end of each year, falling to zero when the loan is repaid.$0$12.5k$25k$37.5k$50k012345Years
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Estimates only. Not credit assistance. Actual repayments depend on your lender’s rates, fees and assessment. Interest is typically calculated daily and charged monthly, which may produce slightly different figures.