Should I Accelerate My Auto Payments? Calculator
See how extra payments will affect your auto loan.
Original Loan Balance
Enter the original amount of your auto loan.
Loan Term
Enter the loan term in months. A 5 year loan would have a term of 60.
Interest Rate
Enter the interest rate for the auto loan.
Extra Monthly Payment
Enter the dollar amount of the extra monthly payment you want to make.
Number of Payments Made
Enter the number of payments you have already made on the auto loan. If the auto loan is new enter 1. If you've made one year of payments enter 12.
Monthly Payment
Monthly auto loan payment for original payment and payment with extra amount.
Months Until Paid Off
Number of payments remaining on the original loan and the loan with extra payments.
Total Interest
Total interest for your original loan and the loan with extra payments.
Membership is open to the following: 1.HII Employees – Those employed or retired from Huntington Ingalls Industries Inc., or affiliated entities, and their family members.* 2.Mobile – Baldwin Residents – Individuals working, worshipping or going to school in Mobile or Baldwin County of Alabama. 3.Gulfport Residents – Individuals working, worshipping or going to school in the portion of Gulfport, Mississippi, that is outlined in Navigator Credit Union’s field of membership declaration. 4.FP. O. Box 1647Pascagoula, MS 39568800.344.3281navigatorcu.org
Bankrate.com's "Paying Ahead vs. Paying Down Principal" will help you ensure that your car loan provider puts your extra payment toward your principal, rather than adding time onto your loan.
Kelly Blue Book will help you find out what your prospective car or truck is worth and what your payments would be. Don't overpay! Get the facts before you head to the dealer.
Car Financing With a Credit Union Because credit unions are member-owned and member-operated, they pay-it-forward to members in the form of better interest rates and lower fees (instead of sending profits up to shareholders, like at a bank.) Find your car loan at a credit union near you. Visit www.CULookup.com.