Auto Loan Calculator

Auto Loan Calculator
2007 Vertex42 LLC
http://www.vertex42.com/Calculators/auto-loan-calculator.html
2007 Vertex42 LLC
Purchase Price (before tax)

Sale Price + Options
Destination charge
Title Transfer Fee
Other Taxable Fees
Purchase Price
State Sales Tax
Trade-In is Tax Deductible
Cash Rebate is Tax Deductible
State Sales Tax Rate
Net Taxable
State Sales (Excise) Tax
$
$
$
$
$
$
$
0
0
6.25%
20,000
1,250.00
40
0
0
0
3
3
0
0
0
46
Non-Taxable Fees
Registration
Late Registration Fee
Service Contract
Special Plate Fee
Administration Fee
Transaction Fee
Late Title Transfer Fee
Duplicate Title Fee
Other Non-Taxable Fees
Total Non-Taxable Fees
20,000
20,000
Loan Amount
Unpaid Loan Balance on Trade-In
Less Down Payment

Less Value of Trade-In
Less Cash Rebate
0
0
0
Total Loan Amount
21,296
Set to 0 if included in sale price

e.g. $10
If you don't know, set to FALSE

If you don't know, set to FALSE
e.g. 6.25%
e.g. $40 to $100

e.g. $10 per month
e.g. $250 to $1000
e.g. $25
e.g. $3
e.g. $3
e.g. $25 to $200
e.g. $25
Page 2 of 9
Auto Loan Payment Calculator
2007 Vertex42 LLC
Inputs
Auto Loan Amount
Annual Interest Rate
Term of Loan in Years
First Payment Date
Frequency of Payment
2007 Vertex42 LLC
Effect of Extra Payments

Total Payments
Total Interest
Reduced Interest
Number of Payments
Last Payment Date
20000
8.50%
3
1/1/2007
Monthly
Summary (with no extra payments)

Number of Payments
36
Rate (per period)
0.708%
Payment (per period)
$631.35
Total Interest
$2,728.63
Total Payments
$22,728.63
.
12
Balance
10
No Extra Payments
8
6
4
2
0
Due Date
Payment
Due
Additional
Payment
Interest
Principal
1/1/2007
631.35
0.00
141.67
489.68
2/1/2007
631.35
0.00
138.20
493.15
3/1/2007
631.35
0.00
134.70
496.65
4/1/2007
631.35
0.00
131.19
500.16
5/1/2007
631.35
0.00
127.64
503.71
6/1/2007
631.35
0.00
124.08
507.27
7/1/2007
631.35
0.00
120.48
510.87
8/1/2007
631.35
0.00
116.86
514.49
9/1/2007
631.35
0.00
113.22
518.13
10
10/1/2007
631.35
0.00
109.55
521.80
11
11/1/2007
631.35
0.00
105.85
525.50
12
12/1/2007
631.35
0.00
102.13
529.22
13
1/1/2008
631.35
0.00
98.38
532.97
14
2/1/2008
631.35
0.00
94.61
536.74
15
3/1/2008
631.35
0.00
90.81
540.54
16
4/1/2008
631.35
0.00
86.98
544.37
17
5/1/2008
631.35
0.00
83.12
548.23
18
6/1/2008
631.35
0.00
79.24
552.11
19
7/1/2008
631.35
0.00
75.33
556.02
20
8/1/2008
631.35
0.00
71.39
559.96
21
9/1/2008
631.35
0.00
67.42
563.93
22
10/1/2008
631.35
0.00
63.43
567.92
23
11/1/2008
631.35
0.00
59.40
571.95
24
12/1/2008
631.35
0.00
55.35
576.00
25
1/1/2009
631.35
0.00
51.27
580.08
26
2/1/2009
631.35
0.00
47.16
584.19
27
3/1/2009
631.35
0.00
43.03
588.32
28
4/1/2009
631.35
0.00
38.86
592.49
29
5/1/2009
631.35
0.00
34.66
596.69
No.
2007 Vertex42 LLC
Page 3 of 9
30
6/1/2009
631.35
0.00
30.44
600.91
31
7/1/2009
631.35
0.00
26.18
605.17
32
8/1/2009
631.35
0.00
21.89
609.46
33
9/1/2009
631.35
0.00
17.58
613.77
34
10/1/2009
631.35
0.00
13.23
618.12
35
11/1/2009
631.35
0.00
8.85
622.50
36
12/1/2009
631.37
0.00
4.44
626.93
2007 Vertex42 LLC
Page 4 of 9
2007 Vertex42 LLC

2007 Vertex42 LLC
ct of Extra Payments
$ 22,728.62
$
2,728.62
None
36
12/1/2009
Balance
No Extra Payments
Balance
$20,000.00
19,510.32
19,017.17
18,520.52
18,020.36
17,516.65
17,009.38
16,498.51
15,984.02
15,465.89
14,944.09
14,418.59
13,889.37
13,356.40
12,819.66
12,279.12
11,734.75
11,186.52
10,634.41
10,078.39
9,518.43
8,954.50
8,386.58
7,814.63
7,238.63
6,658.55
6,074.36
5,486.04
4,893.55
4,296.86
2007 Vertex42 LLC
Page 5 of 9
3,695.95
3,090.78
2,481.32
1,867.55
1,249.43
626.93
0.00
2007 Vertex42 LLC
Auto Loan Payment & Interest Comparisons

Auto Loan Amount

Annual Interest Rate
Term of Loan in Years
Frequency of Payment
Unless
Unlessotherwise
otherwiseindicated,
indicated,the
thecomparison
comparisontables
tablesare
are
based
basedon
onthe
theLoan
LoanAmount,
Amount,Interest
InterestRate,
Rate,Term,
Term,and
and
Frequency
Frequencylisted
listedto
tothe
theright.
right.These
Thesevalues
valuescan
canbe
be
changed
changedin
inthe
thePaymentCalculator
PaymentCalculatorworksheet.
worksheet.
640.00
Total Interest
Payment
3,416.46
1,744.40
1,187.37
909.11
742.36
631.35
552.20
492.97
447.00
410.33
380.42
355.57
Total
Interest
498.76
932.80
1,372.66
1,818.64
2,270.80
2,728.60
3,192.40
3,662.56
4,138.00
4,619.80
5,107.72
5,601.04
2,000.00
700.00
Payment
631.35
599.78
568.22
536.65
505.08
473.51
Total
Interest
2,728.60
2,592.08
2,455.92
2,319.40
2,182.88
2,046.36
Payment
600.00
Total Interest
600.00
580.00
560.00
540.00
Annual Interes t Rate

9.00%
8.00%
7.00%
6.00%
5.00%
520.00
Payment
1,800.00
Total Interest
1,600.00
1,400.00
1,200.00
1,000.00
800.00
600.00
400.00
Num ber of Paym e nts
200.00
0.00
12
18
24
30
36
42
48
54
60
500.00
400.00
300.00
200.00
100.00
$4,000.00
$3,000.00
Dow n Paym e nt
0.00
$2,000.00
[42]
620.00
4.00%
Down Payment
$0.00
$1,000.00
$2,000.00
$3,000.00
$4,000.00
$5,000.00
Loan
Amount
20,000.00
19,000.00
18,000.00
17,000.00
16,000.00
15,000.00
Payment
Payment
572.85
581.62
590.48
599.42
608.44
617.54
626.73
635.99
645.34
$1,000.00
Total Paid
20,498.76
20,932.80
21,372.66
21,818.64
22,270.80
22,728.60
23,192.40
23,662.56
24,138.00
24,619.80
25,107.72
25,601.04
Monthly
3.00%
# of Payments
6
12
18
24
30
36
42
48
54
60
66
72
20,000
8.50%
3
660.00
2.00%
Total Paid
20,622.60
20,938.32
21,257.28
21,579.12
21,903.84
22,231.44
22,562.28
22,895.64
23,232.24
Total
Interest
622.60
938.32
1,257.28
1,579.12
1,903.84
2,231.44
2,562.28
2,895.64
3,232.24
$0.00
Annual
Interest Rate
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
8.00%
9.00%
10.00%
2007 V
66
72
2,500.00
Payment
2,000.00
Total Interest
1,500.00
[42]
1,000.00
500.00
0.00
Paym e nt Fre quency
Semi-Monthly
Total
Interest
3,492.34
3,078.10
2,868.88
2,798.80
2,728.60
2,693.68
2,690.98
Monthly
Payment
7,830.78
3,846.35
1,905.74
1,266.60
631.35
315.19
290.91
Bi-Monthly
# of
Payments
3
6
12
18
36
72
78
Quarterly
Frequency
Annually
Semi-Annually
Quarterly
Bi-Monthly
Monthly
Semi-Monthly
Bi-Weekly
2007 Vertex42 LLC

2007 Vertex42 LLC
The
Thecalculations
calculationsin
inthis
this
worksheet
worksheetassume
assumethat
that
no
noextra
extrapayments
paymentsare
are
made.
made.
3,500.00
rest
3,000.00
2,500.00
2,000.00
1,500.00
1,000.00
500.00
al Interes t Rate
10.00%
9.00%
8.00%
7.00%
6.00%
5.00%
0.00
6,000.00
Payment
Total Interest
5,000.00
4,000.00
3,000.00
2,000.00
1,000.00
ber of Paym e nts
0.00
36
42
48
54
60
66
72
Payment
3,000.00
Total Interest
2,500.00
2,000.00
1,500.00
1,000.00
500.00
$5,000.00
$4,000.00
0.00
$3,000.00
$2,000.00
w n Paym e nt
2,900.00
2,850.00
2,800.00
2,750.00
2,700.00
2,650.00
2,600.00
Payment
Bi-Weekly
m e nt Fre quency
Semi-Monthly
Monthly
Total Interest

Auto Loan Calculator

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Auto Loan Calculator

2007 Vertex42 LLC

2007 Vertex42 LLC

Purchase Price (before tax)

Less Down Payment

Total Loan Amount

Set to 0 if included in sale price

If you don't know, set to FALSE

e.g. $40 to $100

Auto Loan Payment Calculator

2007 Vertex42 LLC

2007 Vertex42 LLC

Effect of Extra Payments

Summary (with no extra payments)

2007 Vertex42 LLC

2007 Vertex42 LLC

2007 Vertex42 LLC

2007 Vertex42 LLC

2007 Vertex42 LLC

Auto Loan Payment & Interest Comparisons

Auto Loan Amount

Annual Interes t Rate

Paym e nt Fre quency

2007 Vertex42 LLC

ber of Paym e nts

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