Fact checked by Heather van der Hoop 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. Key Takeaways ...

The formula for calculating your loan payment depends on whether you choose an amortizing or interest-only loan. Examples of amortizing loans include car loans, mortgages and personal loans.

How to calculate car loan interest payments There are several ways to calculate your monthly auto loan interest payment. You can use an online loan payment calculator or work directly with a lender.

When taking out a loan, it’s essential to understand how much you’ll have to pay each month. Here’s how to calculate loan payments.

Find out how to calculate APR on car loan with real numbers so you can check lender estimates yourself.

When you consider taking out a loan, it’s important to make sure you can afford the payments. Unfortunately, calculating repayment on some loans may involve complex interest calculations. But ...