Where do these numbers come from?
- Standard formulasAmortization M = P·r(1+r)^n / ((1+r)^n − 1) and monthly compoundingreviewed Oct 23, 2026
- Freddie MacPMMS mortgage-rate benchmarkweek of Oct 22, 2026
Checked Oct 23, 2026. $320,000 at 6.5% over 360 months: this calculator gives $2,022.62 a month and =PMT(6.5%/12; 360; -320000) in LibreOffice Calc (same PMT as Excel and Google Sheets) returns 2,022.62.
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$25,000 car loan: payment by APR and term
| APR | 36 mo | 48 mo | 60 mo | 72 mo | 84 mo |
|---|---|---|---|---|---|
| 4% | $738.10 | $564.48 | $460.41 | $391.13 | $341.72 |
| 6% | $760.55 | $587.13 | $483.32 | $414.32 | $365.21 |
| 8% | $783.41 | $610.32 | $506.91 | $438.33 | $389.66 |
| 10% | $806.68 | $634.06 | $531.18 | $463.15 | $415.03 |
| 12% | $830.36 | $658.35 | $556.11 | $488.75 | $441.32 |
| 15% | $866.63 | $695.77 | $594.75 | $528.63 | $482.42 |
Worked example
At 8% for 60 months: $506.91 a month, $30,415 paid in total, of which $5,415 is interest. Stretching to 84 months drops the payment to $389.66 but raises interest to $7,731.
Rates in the tables are a range for comparison, not current market quotes. Payments are principal and interest only unless stated.
Frequently asked questions
What is the payment on a $25,000 car loan?
$506.91 a month for 60 months at 8% APR.
How much interest on a $25,000 car loan?
$5,415 over 60 months at 8%.