CarLoanCalc
Finance-desk accurate · 50 states

Car Loan Monthly Payment Calculator

Work out your real monthly payment the way a dealership finance desk does — sales tax by state, trade-in equity, doc & title fees, and a full amortization schedule.

19 Free・No signup · No credit check · Estimates only

Loan details

Leave at $0 if your trade-in is paid off.
Sets sales tax rate and average dealer fees for your state.
Adjust numbers above, then click calculate
Estimated monthly payment
$ 625 / month
Amount financed
$31,643
Total interest
$5,862
Total of payments
$37,505
Due at signing
$5,000

How this payment breaks down

Vehicle price $35,000
− Down payment $5,000
− Net trade-in equity $0
Sales tax (Alabama 4.000%) $1,400.00
Taxable amount $35,000.00
Trade-in tax credit $0.00
+ Doc, title & registration fees $1,643
= Amount financed $31,643
Effective monthly rate
0.575%
Payoff date Oct 2031
Interest as % of loan
18.5%
Trade-in tax treatment: Full credit
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Your next steps

You estimated $625/month on about $31,643 financed. Use the tools below to compare real offers or prepare for the purchase.

View full schedule

Amortization schedule

Click to view the complete 60-month payment schedule

⌄
# Payment Principal Interest Balance
1 $625.08 $443.13 $181.95 $31,199.87
2 $625.08 $445.68 $179.40 $30,754.19
3 $625.08 $448.24 $176.84 $30,305.95
4 $625.08 $450.82 $174.26 $29,855.13
5 $625.08 $453.41 $171.67 $29,401.72
6 $625.08 $456.02 $169.06 $28,945.70
7 $625.08 $458.64 $166.44 $28,487.06
8 $625.08 $461.28 $163.80 $28,025.78
9 $625.08 $463.93 $161.15 $27,561.85
10 $625.08 $466.60 $158.48 $27,095.25
11 $625.08 $469.28 $155.80 $26,625.97
12 $625.08 $471.98 $153.10 $26,153.99
13 $625.08 $474.69 $150.39 $25,679.30
14 $625.08 $477.42 $147.66 $25,201.88
15 $625.08 $480.17 $144.91 $24,721.71
16 $625.08 $482.93 $142.15 $24,238.78
17 $625.08 $485.71 $139.37 $23,753.07
18 $625.08 $488.50 $136.58 $23,264.57
19 $625.08 $491.31 $133.77 $22,773.26
20 $625.08 $494.13 $130.95 $22,279.13
21 $625.08 $496.98 $128.10 $21,782.15
22 $625.08 $499.83 $125.25 $21,282.32
23 $625.08 $502.71 $122.37 $20,779.61
24 $625.08 $505.60 $119.48 $20,274.01
25 $625.08 $508.50 $116.58 $19,765.51
26 $625.08 $511.43 $113.65 $19,254.08
27 $625.08 $514.37 $110.71 $18,739.71
28 $625.08 $517.33 $107.75 $18,222.38
29 $625.08 $520.30 $104.78 $17,702.08
30 $625.08 $523.29 $101.79 $17,178.79
31 $625.08 $526.30 $98.78 $16,652.49
32 $625.08 $529.33 $95.75 $16,123.16
33 $625.08 $532.37 $92.71 $15,590.79
34 $625.08 $535.43 $89.65 $15,055.36
35 $625.08 $538.51 $86.57 $14,516.85
36 $625.08 $541.61 $83.47 $13,975.24
37 $625.08 $544.72 $80.36 $13,430.52
38 $625.08 $547.85 $77.23 $12,882.67
39 $625.08 $551.00 $74.08 $12,331.67
40 $625.08 $554.17 $70.91 $11,777.50
41 $625.08 $557.36 $67.72 $11,220.14
42 $625.08 $560.56 $64.52 $10,659.58
43 $625.08 $563.79 $61.29 $10,095.79
44 $625.08 $567.03 $58.05 $9,528.76
45 $625.08 $570.29 $54.79 $8,958.47
46 $625.08 $573.57 $51.51 $8,384.90
47 $625.08 $576.87 $48.21 $7,808.03
48 $625.08 $580.18 $44.90 $7,227.85
49 $625.08 $583.52 $41.56 $6,644.33
50 $625.08 $586.88 $38.20 $6,057.45
51 $625.08 $590.25 $34.83 $5,467.20
52 $625.08 $593.64 $31.44 $4,873.56
53 $625.08 $597.06 $28.02 $4,276.50
54 $625.08 $600.49 $24.59 $3,676.01
55 $625.08 $603.94 $21.14 $3,072.07
56 $625.08 $607.42 $17.66 $2,464.65
57 $625.08 $610.91 $14.17 $1,853.74
58 $625.08 $614.42 $10.66 $1,239.32
59 $625.08 $617.95 $7.13 $621.37
60 $624.94 $621.37 $3.57 $0.00

Frequently asked questions

How accurate is this calculator?

It uses the standard amortization formula used by banks and dealership finance departments. It includes estimated state sales tax, dealer fees, trade-in equity and financing assumptions. Your lender's final APR and fees may differ.

Does trade-in value reduce my sales tax?

Many states allow trade-in credits to reduce the taxable amount. This calculator applies the selected state's rule.

Should I finance sales tax and fees?

Rolling taxes and fees into the loan reduces cash required at signing, but increases the financed amount and total interest paid.

How much car can I afford?

Start with your monthly budget using our affordability calculator, and see average rates by credit score before you compare offers.

Should I refinance or buy?

See how much a lower rate saves with the refinance calculator, and compare leasing vs buying the same car.

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