You should use this calculator if you want to express the down payment as an amount. (Use this
site's mortgage calculator if you need to show the down payment as a percentage.)
Unlike our general loan or simple loan calculators, this calculator will allow you to have more
than one unknown value in some instances.
To indicate an unknown value, enter "0" (zero).
You can enter the car price, the down payment amount available, the total number of periods,
and the interest rate. When you click on "Calc," the amount of the loan and the monthly payment will
If you enter the loan amount and "0" for the down payment amount, then the calculator
will calculate how much down payment you need.
If you enter "0" for the price of the car, a down payment amount, "0" for the amount
of loan, the total periods, the interest rate and the payment you can afford, the calculator will calculate
the amount of the loan and the price you can afford to pay for the car. You can use this calculation to tell
you what you can afford to pay and borrow and still stay within your budget.
Currency and Date Conventions
All calculators will remember your choice. You may also change it at any time.
Clicking "Guardar cambios" will cause the calculator to reload. Your edits will be lost.
Include an Optional Title Page
Change the file name as needed.
The file will be saved to your browser's download location.
You may then reload the file to resume where you had left off.
You may also share the file or copy it to any location desired.
Nonsubscribers can save data to a file 3 times.
Do you use Microsoft Edge?
If you see a file blocked message, right click on the message and select "Keep."
Days Per Year
This option impacts calculations when compounding is set to "Exact" or "Daily" or when there are odd days in the cash flow.
Initial Period Interest Payment Options
These settings impact the first period's interest calculation as well as when the interest is collected.
Select "Open Balance" for no rounding adjustment.
Fiscal Year End Option
Annual and cummulative totals as of the last day of the month selected.
Points, Charges & APR Options
Whole currency amount setting
This option only impacts how the schedule displays amounts.
If you are working with larger amounts (perhaps tens of millions or more), you might not want to clutter up the schedule with decimal amounts.