The math
Deal summary
Every number on the contract, where it comes from, and what you can still move.
APR
5.29%
Annual Percentage Rate
Term
60 mo
5 years
Monthly payment
$499.13
held to maturity
Total of payments
$29,947.80
$3,741.37 is interest
Itemized breakdown
| Sale price (negotiated) | $31,416.00 |
| SafeGap waiver Cancellable within 30 days for full refund | $950.00 |
| Document fee Dealer paperwork charge, not government | $425.00 |
| Mississippi state sales tax 2.875% of sale price | $915.43 |
| Total before down payment | $33,706.43 |
| Down payment (cash) | -$7,500.00 |
| Amount financed | $26,206.43 |
Financing
What each payment buys, over time
If you make every payment on its due date and never pay extra:
| Month | Interest | Principal | Remaining balance |
|---|---|---|---|
| 1 | $115.53 | $383.60 | $25,822.83 |
| 6 | $107.00 | $392.13 | $23,879.29 |
| 12 | $96.51 | $402.62 | $21,489.92 |
| 24 | $74.69 | $424.44 | $16,517.78 |
| 36 | $51.68 | $447.45 | $11,276.13 |
| 48 | $27.43 | $471.70 | $5,750.38 |
| 60 | $1.86 | $422.39 | $0.00 |
Computed from APR & term. The contract's exact schedule may round differently by a few cents.
Optional add-ons
SafeGap waiver
$950.00
If the vehicle is totaled and your insurance payout is less than the loan balance, the waiver covers the gap. You have 30 days to cancel for a full refund. Most auto insurers offer equivalent coverage for less — check your insurer first.
Extended service plan
Offered, not selected
Honda factory warranty is 3 yr / 36k bumper-to-bumper and 5 yr / 60k powertrain — at 36,678 miles you're inside powertrain. Third-party plans can be added later; declining at signing almost always saves money.
Late & returned-payment fees
- Late fee: 5% of the late portion, maximum $5, after a 10-day grace period.
- Returned check fee: $30.