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
$ 641 / month
Amount financed
$32,439
Total interest
$6,009
Total of payments
$38,448
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 (Arkansas 6.500%) $2,275.00
Taxable amount $35,000.00
Trade-in tax credit $0.00
+ Doc, title & registration fees $2,439
= Amount financed $32,439
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 $641/month on about $32,439 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 $640.80 $454.28 $186.52 $31,984.72
2 $640.80 $456.89 $183.91 $31,527.83
3 $640.80 $459.51 $181.29 $31,068.32
4 $640.80 $462.16 $178.64 $30,606.16
5 $640.80 $464.81 $175.99 $30,141.35
6 $640.80 $467.49 $173.31 $29,673.86
7 $640.80 $470.18 $170.62 $29,203.68
8 $640.80 $472.88 $167.92 $28,730.80
9 $640.80 $475.60 $165.20 $28,255.20
10 $640.80 $478.33 $162.47 $27,776.87
11 $640.80 $481.08 $159.72 $27,295.79
12 $640.80 $483.85 $156.95 $26,811.94
13 $640.80 $486.63 $154.17 $26,325.31
14 $640.80 $489.43 $151.37 $25,835.88
15 $640.80 $492.24 $148.56 $25,343.64
16 $640.80 $495.07 $145.73 $24,848.57
17 $640.80 $497.92 $142.88 $24,350.65
18 $640.80 $500.78 $140.02 $23,849.87
19 $640.80 $503.66 $137.14 $23,346.21
20 $640.80 $506.56 $134.24 $22,839.65
21 $640.80 $509.47 $131.33 $22,330.18
22 $640.80 $512.40 $128.40 $21,817.78
23 $640.80 $515.35 $125.45 $21,302.43
24 $640.80 $518.31 $122.49 $20,784.12
25 $640.80 $521.29 $119.51 $20,262.83
26 $640.80 $524.29 $116.51 $19,738.54
27 $640.80 $527.30 $113.50 $19,211.24
28 $640.80 $530.34 $110.46 $18,680.90
29 $640.80 $533.38 $107.42 $18,147.52
30 $640.80 $536.45 $104.35 $17,611.07
31 $640.80 $539.54 $101.26 $17,071.53
32 $640.80 $542.64 $98.16 $16,528.89
33 $640.80 $545.76 $95.04 $15,983.13
34 $640.80 $548.90 $91.90 $15,434.23
35 $640.80 $552.05 $88.75 $14,882.18
36 $640.80 $555.23 $85.57 $14,326.95
37 $640.80 $558.42 $82.38 $13,768.53
38 $640.80 $561.63 $79.17 $13,206.90
39 $640.80 $564.86 $75.94 $12,642.04
40 $640.80 $568.11 $72.69 $12,073.93
41 $640.80 $571.37 $69.43 $11,502.56
42 $640.80 $574.66 $66.14 $10,927.90
43 $640.80 $577.96 $62.84 $10,349.94
44 $640.80 $581.29 $59.51 $9,768.65
45 $640.80 $584.63 $56.17 $9,184.02
46 $640.80 $587.99 $52.81 $8,596.03
47 $640.80 $591.37 $49.43 $8,004.66
48 $640.80 $594.77 $46.03 $7,409.89
49 $640.80 $598.19 $42.61 $6,811.70
50 $640.80 $601.63 $39.17 $6,210.07
51 $640.80 $605.09 $35.71 $5,604.98
52 $640.80 $608.57 $32.23 $4,996.41
53 $640.80 $612.07 $28.73 $4,384.34
54 $640.80 $615.59 $25.21 $3,768.75
55 $640.80 $619.13 $21.67 $3,149.62
56 $640.80 $622.69 $18.11 $2,526.93
57 $640.80 $626.27 $14.53 $1,900.66
58 $640.80 $629.87 $10.93 $1,270.79
59 $640.80 $633.49 $7.31 $637.30
60 $640.96 $637.30 $3.66 $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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