Monthly payment

The amount a borrower must pay each month toward the principal and interest on a loan. The size of the monthly payment is affected by the interest rate charged by the lender and the amount of money borrowed. The more you borrow, the larger your monthly payment will be. On a mortgage loan, taxes and insurance also may be included in the monthly payment. Failure to make monthly payments will result in a loan going into delinquency.

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State Farm Bank: Auto Loan Review 2020

You may think of car insurance when you think of State Farm, but the company also has an affiliated bank that offers vehicle loans.

Pentagon Federal Credit Union Car Loan Rate

Pretty much anyone can join Pentagon Federal Credit Union and take advantage of its very competitive car loans. Rates start as low as 0.49% for three-year loans to 1.99% for five-year financing.

$20 for every $1,000

That's a good rule of thumb for estimating monthly payments when shopping for a new car or truck.