$20,000 car loan payment

Monthly payment on $20,000 at 7% APR for 60 months
$396.02
Total interest: $3,761

Over 48 months the payment rises to $478.92 but saves interest; over 72 months it falls to $340.98 but costs more in total. Your actual rate depends on your credit score and whether the car is new or used.

$20,000 car payment by APR and term

APR36 mo48 mo60 mo72 mo84 mo
4%$590$452$368$313$273
5%$599$461$377$322$283
6%$608$470$387$331$292
7%$618$479$396$341$302
8%$627$488$406$351$312
9%$636$498$415$361$322
10%$645$507$425$371$332
12%$664$527$445$391$353

Total interest at 7% APR

TermMonthly paymentTotal interest
36 months$617.54$2,232
48 months$478.92$2,988
60 months$396.02$3,761
72 months$340.98$4,551
84 months$301.85$5,356

Include tax, fees and trade-in

Frequently asked questions

What is the payment on a $20,000 car loan?

At 7% APR for 60 months, a $20,000 car loan is $396.02 a month, with $3,761 of total interest.

Is 72 or 60 months better for a $20,000 loan?

At 7% APR, 72 months lowers the payment to $340.98 but adds $789 of extra interest compared with 60 months.

Other loan amounts

$5,000 car loan$10,000 car loan$15,000 car loan$25,000 car loan$30,000 car loan$35,000 car loan$40,000 car loan

All car loan amounts →

Estimates for general information only, not financial advice. See how we calculate.