The goal is to give you a realistic, detailed view of what financing a car will cost, including an amortization schedule that breaks down how you’ll pay off the loan over time. What to know ...

For example, a four-year car loan would have 48 payments (four years × 12 months). Loan Amortization Schedule vs. Loan Term Though related, loan amortization schedule and loan term are not the same.

What Is an Amortization Schedule? Our amortization calculator ... other kinds of loans that amortize can include: auto loans, home equity loans, student loans, and personal loans.

An amortization schedule is a table that outlines each ... Consider a $30,000 auto loan at 3% interest with a loan term of 5 years. The monthly payment for this loan is $664.03.

You can also use online amortization calculators to see your repayment schedule or you can even calculate it by hand. If you’re wondering how loan amortization works, here’s what you should know.

Calculating an amortization schedule is a little complicated. You'll need to know the initial loan amount, the interest rate, and the length of the loan. The exact formula for calculating the ...