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
$32,876
Total interest
$6,090
Total of payments
$38,966
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 (Minnesota 6.875%) $2,406.25
Taxable amount $35,000.00
Trade-in tax credit $0.00
+ Doc, title & registration fees $2,876
= Amount financed $32,876
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 $649/month on about $32,876 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 $649.44 $460.40 $189.04 $32,415.85
2 $649.44 $463.05 $186.39 $31,952.80
3 $649.44 $465.71 $183.73 $31,487.09
4 $649.44 $468.39 $181.05 $31,018.70
5 $649.44 $471.08 $178.36 $30,547.62
6 $649.44 $473.79 $175.65 $30,073.83
7 $649.44 $476.52 $172.92 $29,597.31
8 $649.44 $479.26 $170.18 $29,118.05
9 $649.44 $482.01 $167.43 $28,636.04
10 $649.44 $484.78 $164.66 $28,151.26
11 $649.44 $487.57 $161.87 $27,663.69
12 $649.44 $490.37 $159.07 $27,173.32
13 $649.44 $493.19 $156.25 $26,680.13
14 $649.44 $496.03 $153.41 $26,184.10
15 $649.44 $498.88 $150.56 $25,685.22
16 $649.44 $501.75 $147.69 $25,183.47
17 $649.44 $504.64 $144.80 $24,678.83
18 $649.44 $507.54 $141.90 $24,171.29
19 $649.44 $510.46 $138.98 $23,660.83
20 $649.44 $513.39 $136.05 $23,147.44
21 $649.44 $516.34 $133.10 $22,631.10
22 $649.44 $519.31 $130.13 $22,111.79
23 $649.44 $522.30 $127.14 $21,589.49
24 $649.44 $525.30 $124.14 $21,064.19
25 $649.44 $528.32 $121.12 $20,535.87
26 $649.44 $531.36 $118.08 $20,004.51
27 $649.44 $534.41 $115.03 $19,470.10
28 $649.44 $537.49 $111.95 $18,932.61
29 $649.44 $540.58 $108.86 $18,392.03
30 $649.44 $543.69 $105.75 $17,848.34
31 $649.44 $546.81 $102.63 $17,301.53
32 $649.44 $549.96 $99.48 $16,751.57
33 $649.44 $553.12 $96.32 $16,198.45
34 $649.44 $556.30 $93.14 $15,642.15
35 $649.44 $559.50 $89.94 $15,082.65
36 $649.44 $562.71 $86.73 $14,519.94
37 $649.44 $565.95 $83.49 $13,953.99
38 $649.44 $569.20 $80.24 $13,384.79
39 $649.44 $572.48 $76.96 $12,812.31
40 $649.44 $575.77 $73.67 $12,236.54
41 $649.44 $579.08 $70.36 $11,657.46
42 $649.44 $582.41 $67.03 $11,075.05
43 $649.44 $585.76 $63.68 $10,489.29
44 $649.44 $589.13 $60.31 $9,900.16
45 $649.44 $592.51 $56.93 $9,307.65
46 $649.44 $595.92 $53.52 $8,711.73
47 $649.44 $599.35 $50.09 $8,112.38
48 $649.44 $602.79 $46.65 $7,509.59
49 $649.44 $606.26 $43.18 $6,903.33
50 $649.44 $609.75 $39.69 $6,293.58
51 $649.44 $613.25 $36.19 $5,680.33
52 $649.44 $616.78 $32.66 $5,063.55
53 $649.44 $620.32 $29.12 $4,443.23
54 $649.44 $623.89 $25.55 $3,819.34
55 $649.44 $627.48 $21.96 $3,191.86
56 $649.44 $631.09 $18.35 $2,560.77
57 $649.44 $634.72 $14.72 $1,926.05
58 $649.44 $638.37 $11.07 $1,287.68
59 $649.44 $642.04 $7.40 $645.64
60 $649.35 $645.64 $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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