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
$ 642 / month
Amount financed
$32,525
Total interest
$6,025
Total of payments
$38,550
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 (Michigan 6.000%) $2,100.00
Taxable amount $35,000.00
Trade-in tax credit $0.00
+ Doc, title & registration fees $2,525
= Amount financed $32,525
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 $642/month on about $32,525 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 $642.50 $455.48 $187.02 $32,069.52
2 $642.50 $458.10 $184.40 $31,611.42
3 $642.50 $460.73 $181.77 $31,150.69
4 $642.50 $463.38 $179.12 $30,687.31
5 $642.50 $466.05 $176.45 $30,221.26
6 $642.50 $468.73 $173.77 $29,752.53
7 $642.50 $471.42 $171.08 $29,281.11
8 $642.50 $474.13 $168.37 $28,806.98
9 $642.50 $476.86 $165.64 $28,330.12
10 $642.50 $479.60 $162.90 $27,850.52
11 $642.50 $482.36 $160.14 $27,368.16
12 $642.50 $485.13 $157.37 $26,883.03
13 $642.50 $487.92 $154.58 $26,395.11
14 $642.50 $490.73 $151.77 $25,904.38
15 $642.50 $493.55 $148.95 $25,410.83
16 $642.50 $496.39 $146.11 $24,914.44
17 $642.50 $499.24 $143.26 $24,415.20
18 $642.50 $502.11 $140.39 $23,913.09
19 $642.50 $505.00 $137.50 $23,408.09
20 $642.50 $507.90 $134.60 $22,900.19
21 $642.50 $510.82 $131.68 $22,389.37
22 $642.50 $513.76 $128.74 $21,875.61
23 $642.50 $516.72 $125.78 $21,358.89
24 $642.50 $519.69 $122.81 $20,839.20
25 $642.50 $522.67 $119.83 $20,316.53
26 $642.50 $525.68 $116.82 $19,790.85
27 $642.50 $528.70 $113.80 $19,262.15
28 $642.50 $531.74 $110.76 $18,730.41
29 $642.50 $534.80 $107.70 $18,195.61
30 $642.50 $537.88 $104.62 $17,657.73
31 $642.50 $540.97 $101.53 $17,116.76
32 $642.50 $544.08 $98.42 $16,572.68
33 $642.50 $547.21 $95.29 $16,025.47
34 $642.50 $550.35 $92.15 $15,475.12
35 $642.50 $553.52 $88.98 $14,921.60
36 $642.50 $556.70 $85.80 $14,364.90
37 $642.50 $559.90 $82.60 $13,805.00
38 $642.50 $563.12 $79.38 $13,241.88
39 $642.50 $566.36 $76.14 $12,675.52
40 $642.50 $569.62 $72.88 $12,105.90
41 $642.50 $572.89 $69.61 $11,533.01
42 $642.50 $576.19 $66.31 $10,956.82
43 $642.50 $579.50 $63.00 $10,377.32
44 $642.50 $582.83 $59.67 $9,794.49
45 $642.50 $586.18 $56.32 $9,208.31
46 $642.50 $589.55 $52.95 $8,618.76
47 $642.50 $592.94 $49.56 $8,025.82
48 $642.50 $596.35 $46.15 $7,429.47
49 $642.50 $599.78 $42.72 $6,829.69
50 $642.50 $603.23 $39.27 $6,226.46
51 $642.50 $606.70 $35.80 $5,619.76
52 $642.50 $610.19 $32.31 $5,009.57
53 $642.50 $613.69 $28.81 $4,395.88
54 $642.50 $617.22 $25.28 $3,778.66
55 $642.50 $620.77 $21.73 $3,157.89
56 $642.50 $624.34 $18.16 $2,533.55
57 $642.50 $627.93 $14.57 $1,905.62
58 $642.50 $631.54 $10.96 $1,274.08
59 $642.50 $635.17 $7.33 $638.91
60 $642.58 $638.91 $3.67 $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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