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Car Loan & Installment Calculator

Calculate the monthly payment, total interest and full schedule for a car installment plan from price, down payment, balloon, term and rate.

Financing terms

Car price

Actual purchase price after options and discounts

Down payment

14.3% of the car price

Balloon payment

Amount deferred to the final month (balloon financing). 0 if none

Interest rate (annual %)

Rate quoted by the lender or card company

Monthly payment (36 months)905,877

Amount financed: 30,000,000
Total interest: 2,611,571
Total of installments: 32,611,571
Total cost incl. down payment: 37,611,571

Payment schedule (36 payments)

No.	Payment	Principal	Interest	Balance
1	905,877	768,377	137,500	29,231,623
2	905,877	771,899	133,978	28,459,724
3	905,877	775,437	130,440	27,684,287
4	905,877	778,991	126,886	26,905,296
5	905,877	782,561	123,316	26,122,735
6	905,877	786,148	119,729	25,336,587
7	905,877	789,751	116,126	24,546,836
8	905,877	793,371	112,506	23,753,465
9	905,877	797,007	108,870	22,956,458
10	905,877	800,660	105,217	22,155,798
11	905,877	804,330	101,547	21,351,468
12	905,877	808,016	97,861	20,543,452
13	905,877	811,720	94,157	19,731,732
14	905,877	815,440	90,437	18,916,292
15	905,877	819,177	86,700	18,097,115
16	905,877	822,932	82,945	17,274,183
17	905,877	826,704	79,173	16,447,479
18	905,877	830,493	75,384	15,616,986
19	905,877	834,299	71,578	14,782,687
20	905,877	838,123	67,754	13,944,564
21	905,877	841,964	63,913	13,102,600
22	905,877	845,823	60,054	12,256,777
23	905,877	849,700	56,177	11,407,077
24	905,877	853,595	52,282	10,553,482
25	905,877	857,507	48,370	9,695,975
26	905,877	861,437	44,440	8,834,538
27	905,877	865,385	40,492	7,969,153
28	905,877	869,352	36,525	7,099,801
29	905,877	873,336	32,541	6,226,465
30	905,877	877,339	28,538	5,349,126
31	905,877	881,360	24,517	4,467,766
32	905,877	885,400	20,477	3,582,366
33	905,877	889,458	16,419	2,692,908
34	905,877	893,535	12,342	1,799,373
35	905,877	897,630	8,247	901,743
36	905,876	901,743	4,133	0

Calculated as equal installments (principal + interest), with interest charged on the balloon amount for the whole term. Monthly interest is rounded to whole units, and the remainder is settled in the last payment. Korean purchase costs such as acquisition tax, mandatory bonds, registration, delivery and insurance, as well as financing fees, are not included. Check your lender’s agreement for the actual payment. To compare regular loans, use Loan interest and repayment calculator.

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How to use

Everything you enter is processed only in this browser.

Enter the car price and down payment
Set the balloon payment, loan term and interest rate
Check the monthly payment, total interest and payment schedule

How it works and good to know

Amount financed = car price − down payment, repaid in equal installments of principal and interest. The balloon payment is paid in full with the last installment and accrues interest the whole time. Monthly interest is rounded to whole units, and the last installment absorbs the remaining difference. The term is 1–120 months and the rate 0–30%. Taxes, registration, delivery and insurance costs and installment fees aren’t included, so check your lender’s agreement for the actual amounts.

Car Loan & Installment Calculator

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