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
$ 650 / month
Amount financed
$32,900
Total interest
$6,095
Total of payments
$38,995
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 (Maryland 6.000%) $2,100.00
Taxable amount $35,000.00
Trade-in tax credit $0.00
+ Doc, title & registration fees $2,900
= Amount financed $32,900
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 $650/month on about $32,900 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 $649.91 $460.73 $189.18 $32,439.27
2 $649.91 $463.38 $186.53 $31,975.89
3 $649.91 $466.05 $183.86 $31,509.84
4 $649.91 $468.73 $181.18 $31,041.11
5 $649.91 $471.42 $178.49 $30,569.69
6 $649.91 $474.13 $175.78 $30,095.56
7 $649.91 $476.86 $173.05 $29,618.70
8 $649.91 $479.60 $170.31 $29,139.10
9 $649.91 $482.36 $167.55 $28,656.74
10 $649.91 $485.13 $164.78 $28,171.61
11 $649.91 $487.92 $161.99 $27,683.69
12 $649.91 $490.73 $159.18 $27,192.96
13 $649.91 $493.55 $156.36 $26,699.41
14 $649.91 $496.39 $153.52 $26,203.02
15 $649.91 $499.24 $150.67 $25,703.78
16 $649.91 $502.11 $147.80 $25,201.67
17 $649.91 $505.00 $144.91 $24,696.67
18 $649.91 $507.90 $142.01 $24,188.77
19 $649.91 $510.82 $139.09 $23,677.95
20 $649.91 $513.76 $136.15 $23,164.19
21 $649.91 $516.72 $133.19 $22,647.47
22 $649.91 $519.69 $130.22 $22,127.78
23 $649.91 $522.68 $127.23 $21,605.10
24 $649.91 $525.68 $124.23 $21,079.42
25 $649.91 $528.70 $121.21 $20,550.72
26 $649.91 $531.74 $118.17 $20,018.98
27 $649.91 $534.80 $115.11 $19,484.18
28 $649.91 $537.88 $112.03 $18,946.30
29 $649.91 $540.97 $108.94 $18,405.33
30 $649.91 $544.08 $105.83 $17,861.25
31 $649.91 $547.21 $102.70 $17,314.04
32 $649.91 $550.35 $99.56 $16,763.69
33 $649.91 $553.52 $96.39 $16,210.17
34 $649.91 $556.70 $93.21 $15,653.47
35 $649.91 $559.90 $90.01 $15,093.57
36 $649.91 $563.12 $86.79 $14,530.45
37 $649.91 $566.36 $83.55 $13,964.09
38 $649.91 $569.62 $80.29 $13,394.47
39 $649.91 $572.89 $77.02 $12,821.58
40 $649.91 $576.19 $73.72 $12,245.39
41 $649.91 $579.50 $70.41 $11,665.89
42 $649.91 $582.83 $67.08 $11,083.06
43 $649.91 $586.18 $63.73 $10,496.88
44 $649.91 $589.55 $60.36 $9,907.33
45 $649.91 $592.94 $56.97 $9,314.39
46 $649.91 $596.35 $53.56 $8,718.04
47 $649.91 $599.78 $50.13 $8,118.26
48 $649.91 $603.23 $46.68 $7,515.03
49 $649.91 $606.70 $43.21 $6,908.33
50 $649.91 $610.19 $39.72 $6,298.14
51 $649.91 $613.70 $36.21 $5,684.44
52 $649.91 $617.22 $32.69 $5,067.22
53 $649.91 $620.77 $29.14 $4,446.45
54 $649.91 $624.34 $25.57 $3,822.11
55 $649.91 $627.93 $21.98 $3,194.18
56 $649.91 $631.54 $18.37 $2,562.64
57 $649.91 $635.17 $14.74 $1,927.47
58 $649.91 $638.83 $11.08 $1,288.64
59 $649.91 $642.50 $7.41 $646.14
60 $649.86 $646.14 $3.72 $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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