Car Loan Calculator
How to Use the Car Loan Calculator
- Information you need to enter
- The loan amount (the total you plan to borrow).
- The annual interest rate (percentage charged on the loan).
- The loan term (number of years to repay).
- Any extra payments you plan to make toward the loan.
- How to use the tool
- Enter all required values into the calculator fields.
- Click Calculate to generate results.
- Use Clear when you are finished or if you want to enter new numbers.
- What the calculator will show you once you complete the form
- The standard monthly payment (principal + interest).
- The total amount paid including any extra payments.
- The total interest paid over the life of the loan.
- The loan payoff period (in months and years).
- A detailed monthly breakdown table showing each month’s payment, principal, interest, and remaining balance.
- Download option
- The monthly breakdown can be downloaded as a spreadsheet (CSV).
- The spreadsheet includes both the inputted data (loan details you entered) and the full monthly breakdown for easy analysis.
- Use Clear when you are finished or if you want to enter new numbers.
Monthly Car Expense Calculator
Total Monthly Car Expense: $0
How to Use the Monthly Car Expense Calculator
- Purpose of the tool
- This calculator is designed to give you the full picture of the cost of purchasing and owning a new car.
- It includes not only the loan payment but also the hidden costs of gas, insurance, and maintenance.
- With this complete view, you can determine whether your monthly wellness plan allows for this type of purchase.
- Information you need to enter
- Your Auto Loan Payment amount (or type $0 if you don’t have a loan).
- Your monthly insurance cost.
- Your estimated monthly gas expense.
- Your estimated monthly maintenance cost.
- How to use the tool
- Enter all required values into the calculator fields.
- Click Total to see your estimated monthly car expense.
- Use Reset to clear all inputs and start fresh.
- What the calculator will show you
- The total cost of your car per month, combining loan, insurance, gas, and maintenance.
- A pie graph breakdown that visually shows how each category contributes to your overall monthly expense.
Why This Matters
This calculator helps you see the true cost of car ownership — not just the loan payment, but also insurance, gas, and maintenance. By visualizing all expenses, you can align your car budget with the recommended 15–20% of your total monthly income guideline.
Keeping your car costs within this range helps you avoid financial strain and make confident, informed decisions. Importantly, that 15–20% falls within the 60% Essentials outlined in the Monthly Financial Plan, ensuring your car fits sustainably into your overall budget.
Essentials Breakdown
60% Essentials → 15–20% Car Expenses
Tip: Use this calculator to visualize how your car costs fit into your overall financial wellness plan.