This process is called amortization. Auto loan calculators and car payment calculators automatically account for amortization, so these tools are the easiest way to figure a car payment.

If the calculator offers an amortization schedule, you can see how much interest you'll pay each month. With most car loans, part of each payment goes toward the principal (the amount you borrow ...

Amortization calculators make it easy to see how a loan ... But a mortgage is not the only type of loan that can amortize. Auto loans, home equity loans, student loans, and personal loans ...