What Does Your Car Loan Really Cost?
Calculate monthly payment, interest cost and balloon payment — with down payment, term and APR.
Final payment at end of term. Lowers the monthly rate but does not replace principal repayment.
Monthly Payment
- Monthly Payment
- €326.76
- Amount Financed
- €20,000.00
- Total Cost
- €23,526.56
- Total Interest
- €3,526.56
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Year-by-year repayment schedule
| Year | Principal Paid | Interest Paid | Remaining Debt |
|---|---|---|---|
| 1 | €2,893.31 | €1,027.79 | €17,106.69 |
| 2 | €3,056.51 | €864.58 | €14,050.18 |
| 3 | €3,228.92 | €692.17 | €10,821.26 |
| 4 | €3,411.06 | €510.03 | €7,410.20 |
| 5 | €3,603.47 | €317.62 | €3,806.73 |
| 6 | €3,806.73 | €114.36 | €0.00 |
Note
The calculation uses the annuity formula. With a balloon loan, a remaining debt equal to the balloon payment is left at the end — it must be paid in cash, refinanced or settled via trade-in of the vehicle.
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Background
Car Loan Calculator: Annuity, Balloon and 3-Way Financing Explained
9 Min.