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
$ 633 / month
Amount financed
$32,055
Total interest
$5,938
Total of payments
$37,993
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 (Iowa 5.000%) $1,750.00
Taxable amount $35,000.00
Trade-in tax credit $0.00
+ Doc, title & registration fees $2,055
= Amount financed $32,055
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 $633/month on about $32,055 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 $633.22 $448.90 $184.32 $31,606.10
2 $633.22 $451.48 $181.74 $31,154.62
3 $633.22 $454.08 $179.14 $30,700.54
4 $633.22 $456.69 $176.53 $30,243.85
5 $633.22 $459.32 $173.90 $29,784.53
6 $633.22 $461.96 $171.26 $29,322.57
7 $633.22 $464.62 $168.60 $28,857.95
8 $633.22 $467.29 $165.93 $28,390.66
9 $633.22 $469.97 $163.25 $27,920.69
10 $633.22 $472.68 $160.54 $27,448.01
11 $633.22 $475.39 $157.83 $26,972.62
12 $633.22 $478.13 $155.09 $26,494.49
13 $633.22 $480.88 $152.34 $26,013.61
14 $633.22 $483.64 $149.58 $25,529.97
15 $633.22 $486.42 $146.80 $25,043.55
16 $633.22 $489.22 $144.00 $24,554.33
17 $633.22 $492.03 $141.19 $24,062.30
18 $633.22 $494.86 $138.36 $23,567.44
19 $633.22 $497.71 $135.51 $23,069.73
20 $633.22 $500.57 $132.65 $22,569.16
21 $633.22 $503.45 $129.77 $22,065.71
22 $633.22 $506.34 $126.88 $21,559.37
23 $633.22 $509.25 $123.97 $21,050.12
24 $633.22 $512.18 $121.04 $20,537.94
25 $633.22 $515.13 $118.09 $20,022.81
26 $633.22 $518.09 $115.13 $19,504.72
27 $633.22 $521.07 $112.15 $18,983.65
28 $633.22 $524.06 $109.16 $18,459.59
29 $633.22 $527.08 $106.14 $17,932.51
30 $633.22 $530.11 $103.11 $17,402.40
31 $633.22 $533.16 $100.06 $16,869.24
32 $633.22 $536.22 $97.00 $16,333.02
33 $633.22 $539.31 $93.91 $15,793.71
34 $633.22 $542.41 $90.81 $15,251.30
35 $633.22 $545.53 $87.69 $14,705.77
36 $633.22 $548.66 $84.56 $14,157.11
37 $633.22 $551.82 $81.40 $13,605.29
38 $633.22 $554.99 $78.23 $13,050.30
39 $633.22 $558.18 $75.04 $12,492.12
40 $633.22 $561.39 $71.83 $11,930.73
41 $633.22 $564.62 $68.60 $11,366.11
42 $633.22 $567.86 $65.36 $10,798.25
43 $633.22 $571.13 $62.09 $10,227.12
44 $633.22 $574.41 $58.81 $9,652.71
45 $633.22 $577.72 $55.50 $9,074.99
46 $633.22 $581.04 $52.18 $8,493.95
47 $633.22 $584.38 $48.84 $7,909.57
48 $633.22 $587.74 $45.48 $7,321.83
49 $633.22 $591.12 $42.10 $6,730.71
50 $633.22 $594.52 $38.70 $6,136.19
51 $633.22 $597.94 $35.28 $5,538.25
52 $633.22 $601.38 $31.84 $4,936.87
53 $633.22 $604.83 $28.39 $4,332.04
54 $633.22 $608.31 $24.91 $3,723.73
55 $633.22 $611.81 $21.41 $3,111.92
56 $633.22 $615.33 $17.89 $2,496.59
57 $633.22 $618.86 $14.36 $1,877.73
58 $633.22 $622.42 $10.80 $1,255.31
59 $633.22 $626.00 $7.22 $629.31
60 $632.93 $629.31 $3.62 $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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