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
$32,880
Total interest
$6,091
Total of payments
$38,971
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 (Mississippi 7.000%) $2,450.00
Taxable amount $35,000.00
Trade-in tax credit $0.00
+ Doc, title & registration fees $2,880
= Amount financed $32,880
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 $32,880 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 $649.51 $460.45 $189.06 $32,419.55
2 $649.51 $463.10 $186.41 $31,956.45
3 $649.51 $465.76 $183.75 $31,490.69
4 $649.51 $468.44 $181.07 $31,022.25
5 $649.51 $471.13 $178.38 $30,551.12
6 $649.51 $473.84 $175.67 $30,077.28
7 $649.51 $476.57 $172.94 $29,600.71
8 $649.51 $479.31 $170.20 $29,121.40
9 $649.51 $482.06 $167.45 $28,639.34
10 $649.51 $484.83 $164.68 $28,154.51
11 $649.51 $487.62 $161.89 $27,666.89
12 $649.51 $490.43 $159.08 $27,176.46
13 $649.51 $493.25 $156.26 $26,683.21
14 $649.51 $496.08 $153.43 $26,187.13
15 $649.51 $498.93 $150.58 $25,688.20
16 $649.51 $501.80 $147.71 $25,186.40
17 $649.51 $504.69 $144.82 $24,681.71
18 $649.51 $507.59 $141.92 $24,174.12
19 $649.51 $510.51 $139.00 $23,663.61
20 $649.51 $513.44 $136.07 $23,150.17
21 $649.51 $516.40 $133.11 $22,633.77
22 $649.51 $519.37 $130.14 $22,114.40
23 $649.51 $522.35 $127.16 $21,592.05
24 $649.51 $525.36 $124.15 $21,066.69
25 $649.51 $528.38 $121.13 $20,538.31
26 $649.51 $531.41 $118.10 $20,006.90
27 $649.51 $534.47 $115.04 $19,472.43
28 $649.51 $537.54 $111.97 $18,934.89
29 $649.51 $540.63 $108.88 $18,394.26
30 $649.51 $543.74 $105.77 $17,850.52
31 $649.51 $546.87 $102.64 $17,303.65
32 $649.51 $550.01 $99.50 $16,753.64
33 $649.51 $553.18 $96.33 $16,200.46
34 $649.51 $556.36 $93.15 $15,644.10
35 $649.51 $559.56 $89.95 $15,084.54
36 $649.51 $562.77 $86.74 $14,521.77
37 $649.51 $566.01 $83.50 $13,955.76
38 $649.51 $569.26 $80.25 $13,386.50
39 $649.51 $572.54 $76.97 $12,813.96
40 $649.51 $575.83 $73.68 $12,238.13
41 $649.51 $579.14 $70.37 $11,658.99
42 $649.51 $582.47 $67.04 $11,076.52
43 $649.51 $585.82 $63.69 $10,490.70
44 $649.51 $589.19 $60.32 $9,901.51
45 $649.51 $592.58 $56.93 $9,308.93
46 $649.51 $595.98 $53.53 $8,712.95
47 $649.51 $599.41 $50.10 $8,113.54
48 $649.51 $602.86 $46.65 $7,510.68
49 $649.51 $606.32 $43.19 $6,904.36
50 $649.51 $609.81 $39.70 $6,294.55
51 $649.51 $613.32 $36.19 $5,681.23
52 $649.51 $616.84 $32.67 $5,064.39
53 $649.51 $620.39 $29.12 $4,444.00
54 $649.51 $623.96 $25.55 $3,820.04
55 $649.51 $627.54 $21.97 $3,192.50
56 $649.51 $631.15 $18.36 $2,561.35
57 $649.51 $634.78 $14.73 $1,926.57
58 $649.51 $638.43 $11.08 $1,288.14
59 $649.51 $642.10 $7.41 $646.04
60 $649.75 $646.04 $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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