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
$ 636 / month
Amount financed
$32,172
Total interest
$5,960
Total of payments
$38,131
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 (New Mexico 5.125%) $1,793.75
Taxable amount $35,000.00
Trade-in tax credit $0.00
+ Doc, title & registration fees $2,172
= Amount financed $32,172
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 $636/month on about $32,172 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 $635.52 $450.53 $184.99 $31,721.22
2 $635.52 $453.12 $182.40 $31,268.10
3 $635.52 $455.73 $179.79 $30,812.37
4 $635.52 $458.35 $177.17 $30,354.02
5 $635.52 $460.98 $174.54 $29,893.04
6 $635.52 $463.64 $171.88 $29,429.40
7 $635.52 $466.30 $169.22 $28,963.10
8 $635.52 $468.98 $166.54 $28,494.12
9 $635.52 $471.68 $163.84 $28,022.44
10 $635.52 $474.39 $161.13 $27,548.05
11 $635.52 $477.12 $158.40 $27,070.93
12 $635.52 $479.86 $155.66 $26,591.07
13 $635.52 $482.62 $152.90 $26,108.45
14 $635.52 $485.40 $150.12 $25,623.05
15 $635.52 $488.19 $147.33 $25,134.86
16 $635.52 $490.99 $144.53 $24,643.87
17 $635.52 $493.82 $141.70 $24,150.05
18 $635.52 $496.66 $138.86 $23,653.39
19 $635.52 $499.51 $136.01 $23,153.88
20 $635.52 $502.39 $133.13 $22,651.49
21 $635.52 $505.27 $130.25 $22,146.22
22 $635.52 $508.18 $127.34 $21,638.04
23 $635.52 $511.10 $124.42 $21,126.94
24 $635.52 $514.04 $121.48 $20,612.90
25 $635.52 $517.00 $118.52 $20,095.90
26 $635.52 $519.97 $115.55 $19,575.93
27 $635.52 $522.96 $112.56 $19,052.97
28 $635.52 $525.97 $109.55 $18,527.00
29 $635.52 $528.99 $106.53 $17,998.01
30 $635.52 $532.03 $103.49 $17,465.98
31 $635.52 $535.09 $100.43 $16,930.89
32 $635.52 $538.17 $97.35 $16,392.72
33 $635.52 $541.26 $94.26 $15,851.46
34 $635.52 $544.37 $91.15 $15,307.09
35 $635.52 $547.50 $88.02 $14,759.59
36 $635.52 $550.65 $84.87 $14,208.94
37 $635.52 $553.82 $81.70 $13,655.12
38 $635.52 $557.00 $78.52 $13,098.12
39 $635.52 $560.21 $75.31 $12,537.91
40 $635.52 $563.43 $72.09 $11,974.48
41 $635.52 $566.67 $68.85 $11,407.81
42 $635.52 $569.93 $65.59 $10,837.88
43 $635.52 $573.20 $62.32 $10,264.68
44 $635.52 $576.50 $59.02 $9,688.18
45 $635.52 $579.81 $55.71 $9,108.37
46 $635.52 $583.15 $52.37 $8,525.22
47 $635.52 $586.50 $49.02 $7,938.72
48 $635.52 $589.87 $45.65 $7,348.85
49 $635.52 $593.26 $42.26 $6,755.59
50 $635.52 $596.68 $38.84 $6,158.91
51 $635.52 $600.11 $35.41 $5,558.80
52 $635.52 $603.56 $31.96 $4,955.24
53 $635.52 $607.03 $28.49 $4,348.21
54 $635.52 $610.52 $25.00 $3,737.69
55 $635.52 $614.03 $21.49 $3,123.66
56 $635.52 $617.56 $17.96 $2,506.10
57 $635.52 $621.11 $14.41 $1,884.99
58 $635.52 $624.68 $10.84 $1,260.31
59 $635.52 $628.27 $7.25 $632.04
60 $635.67 $632.04 $3.63 $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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