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Calculators


Got a question that involves number crunching? Use the calculators on this page to find the mathematical answer to the most commonly asked number-crunching questions, and see your inputs displayed next to the graph, chart, and/or table output in a side-by-side display.

Calculator: Print This Page
Auto Loan Payment Calculator
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Before buying a new or used car, it's likely that many questions will arise, particularly in regard to financing. For example:


What will the monthly payment be?


How will the loan term affect the monthly payment (e.g., 3-year, 6-year)?


How will the interest rate affect the monthly payment?


This calculator can be used to answer these questions and illustrate key issues.


Enter the required values to calculate the monthly payment, and select the desired output. An annual amortization table and two charts comparing principal and interest payments can be generated.


Auto Loan Payment Calculator Results
Monthly payment: $359.37Total payments: $21,562Total interest: $1,562

Your monthly payment is: $359

This chart shows the part of your yearly payments that is applied to interest and the part that is applied to principal.

Over time, though your payments stay the same, the interest portion decreases, and the principal portion increases.


Over the term of your loan you have total payments of $21,562, of which $1,562 is interest payments.



    Assumptions

  • Calculation assumes constant monthly payments over the life of the loan, monthly calculation of interest on the remaining unpaid principal, and no prepayment. Only principal and interest payments are included; property tax and/or insurance payments are not included.
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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and cannot be invested into directly.

The information provided is not intended to be a substitute for specific individualized tax planning or legal advice. We suggest that you consult with a qualified tax or legal advisor.

LPL Financial Representatives offer access to Trust Services through The Private Trust Company N.A., an affiliate of LPL Financial.

Securities offered through LPL Financial, member FINRA/SIPC.  Investment Advice offered through Mike Bonacorsi, LLC, a Registered Investment Advisor and separate entity from LPL Financial.



This communication is strictly intended for individuals residing in the state(s) of CA, DC, FL, GA, IN, ME, MA, NH, NJ, NM, NC, PA, VT and VA. No offers may be made or accepted from any resident outside the specific states referenced.
 


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