Car loan calculator (Canada)
A car loan is one number at the dealer and a fixed drain on your balance for years. This works out the payment and the interest. Recurna Flow shows you the part that matters more — what that payment does to your real forecast.
Car payment calculator
Enter the numbers and see the monthly payment, the total interest, and how the balance falls over the term. No signup, no bank connection — the math runs right here.
Nothing to finance.
Amortization schedule year-by-year & per payment
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $5,204 | $1,907 | $24,796 |
| 2 | $5,575 | $1,537 | $19,221 |
| 3 | $5,972 | $1,140 | $13,250 |
| 4 | $6,397 | $714 | $6,853 |
| 5 | $6,853 | $259 | $0 |
| Payment | Principal | Interest | Balance |
|---|
Compare payment frequencies
Recurna Flow
That is the loan math. The part a calculator can't show you is what this payment does to your real balance — stacked on every other bill, week by week, for the whole term.
Flow is in invite-only beta — apply once (reviewed weekly), and founding members get Pro free for a year.
Estimates only, not financial advice. Shows principal and interest on the amount financed — excludes sales tax, dealer fees, and insurance.
How this math works
The number the dealer quotes is a payment, not a price. Two loans with the same monthly payment can carry very different total costs depending on the rate and the term — a longer term lowers the payment but stretches out how long interest accrues. Changing the payment frequency to plain weekly or bi-weekly doesn't change what you owe overall; it just splits the same annual total into more, smaller payments. The accelerated weekly and bi-weekly options are different — they charge a quarter or a half of your monthly payment on that faster schedule, which adds up to one extra monthly payment a year and shortens the loan. This calculator shows the payment, the total interest, and the amortization schedule for whatever rate, term, and frequency you enter. It doesn't include sales tax, dealer fees, or insurance — only principal and interest on the amount financed.
Is the dealer's number the payment or the price?
It's the payment. A lower monthly figure can come from a smaller price, a lower rate, or a longer term — the same payment can hide very different total costs. This calculator shows the total interest and payoff schedule behind whatever payment you enter.
Does changing the payment frequency save money?
Switching to plain weekly or bi-weekly doesn't change the total you pay — it just splits the same annual amount into more, smaller payments. Only the accelerated versions add an extra payment's worth per year, which is what actually reduces interest.
What does accelerated weekly or bi-weekly do on a car loan?
It takes the monthly payment, divides it by 4 (weekly) or 2 (bi-weekly), then charges that amount every week or two weeks instead of once a month — 52 or 26 times a year. That extra cadence works out to one extra monthly payment annually, which shortens the loan.
Does a lower rate always beat a shorter term?
Not necessarily — total interest depends on both the rate and how long the balance is outstanding. Compare the total-interest figure directly rather than judging by the rate or the payment alone.
What isn't included in this calculator?
Sales tax, dealer fees, and insurance aren't part of the loan math shown here — only principal and interest on the amount financed.