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
$ 649 / month
Amount financed
$32,846
Total interest
$6,084
Total of payments
$38,930
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 (Illinois 6.250%) $2,187.50
Taxable amount $35,000.00
Trade-in tax credit $0.00
+ Doc, title & registration fees $2,846
= Amount financed $32,846
Effective monthly rate
0.575%
Payoff date Oct 2031
Interest as % of loan
18.5%
Trade-in tax treatment: Limited credit Maximum estimated trade-in tax credit: $10,000.00
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Your next steps

You estimated $649/month on about $32,846 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 $648.83 $459.97 $188.86 $32,385.53
2 $648.83 $462.61 $186.22 $31,922.92
3 $648.83 $465.27 $183.56 $31,457.65
4 $648.83 $467.95 $180.88 $30,989.70
5 $648.83 $470.64 $178.19 $30,519.06
6 $648.83 $473.35 $175.48 $30,045.71
7 $648.83 $476.07 $172.76 $29,569.64
8 $648.83 $478.80 $170.03 $29,090.84
9 $648.83 $481.56 $167.27 $28,609.28
10 $648.83 $484.33 $164.50 $28,124.95
11 $648.83 $487.11 $161.72 $27,637.84
12 $648.83 $489.91 $158.92 $27,147.93
13 $648.83 $492.73 $156.10 $26,655.20
14 $648.83 $495.56 $153.27 $26,159.64
15 $648.83 $498.41 $150.42 $25,661.23
16 $648.83 $501.28 $147.55 $25,159.95
17 $648.83 $504.16 $144.67 $24,655.79
18 $648.83 $507.06 $141.77 $24,148.73
19 $648.83 $509.97 $138.86 $23,638.76
20 $648.83 $512.91 $135.92 $23,125.85
21 $648.83 $515.86 $132.97 $22,609.99
22 $648.83 $518.82 $130.01 $22,091.17
23 $648.83 $521.81 $127.02 $21,569.36
24 $648.83 $524.81 $124.02 $21,044.55
25 $648.83 $527.82 $121.01 $20,516.73
26 $648.83 $530.86 $117.97 $19,985.87
27 $648.83 $533.91 $114.92 $19,451.96
28 $648.83 $536.98 $111.85 $18,914.98
29 $648.83 $540.07 $108.76 $18,374.91
30 $648.83 $543.17 $105.66 $17,831.74
31 $648.83 $546.30 $102.53 $17,285.44
32 $648.83 $549.44 $99.39 $16,736.00
33 $648.83 $552.60 $96.23 $16,183.40
34 $648.83 $555.78 $93.05 $15,627.62
35 $648.83 $558.97 $89.86 $15,068.65
36 $648.83 $562.19 $86.64 $14,506.46
37 $648.83 $565.42 $83.41 $13,941.04
38 $648.83 $568.67 $80.16 $13,372.37
39 $648.83 $571.94 $76.89 $12,800.43
40 $648.83 $575.23 $73.60 $12,225.20
41 $648.83 $578.54 $70.29 $11,646.66
42 $648.83 $581.86 $66.97 $11,064.80
43 $648.83 $585.21 $63.62 $10,479.59
44 $648.83 $588.57 $60.26 $9,891.02
45 $648.83 $591.96 $56.87 $9,299.06
46 $648.83 $595.36 $53.47 $8,703.70
47 $648.83 $598.78 $50.05 $8,104.92
48 $648.83 $602.23 $46.60 $7,502.69
49 $648.83 $605.69 $43.14 $6,897.00
50 $648.83 $609.17 $39.66 $6,287.83
51 $648.83 $612.67 $36.16 $5,675.16
52 $648.83 $616.20 $32.63 $5,058.96
53 $648.83 $619.74 $29.09 $4,439.22
54 $648.83 $623.30 $25.53 $3,815.92
55 $648.83 $626.89 $21.94 $3,189.03
56 $648.83 $630.49 $18.34 $2,558.54
57 $648.83 $634.12 $14.71 $1,924.42
58 $648.83 $637.76 $11.07 $1,286.66
59 $648.83 $641.43 $7.40 $645.23
60 $648.94 $645.23 $3.71 $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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Average rates, doc fee caps, and trade-in rules for all 50 states.

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