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
$ 656 / month
Amount financed
$33,225
Total interest
$6,155
Total of payments
$39,380
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 York 8.000%) $2,800.00
Taxable amount $35,000.00
Trade-in tax credit $0.00
+ Doc, title & registration fees $3,225
= Amount financed $33,225
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 $656/month on about $33,225 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 $656.33 $465.29 $191.04 $32,759.71
2 $656.33 $467.96 $188.37 $32,291.75
3 $656.33 $470.65 $185.68 $31,821.10
4 $656.33 $473.36 $182.97 $31,347.74
5 $656.33 $476.08 $180.25 $30,871.66
6 $656.33 $478.82 $177.51 $30,392.84
7 $656.33 $481.57 $174.76 $29,911.27
8 $656.33 $484.34 $171.99 $29,426.93
9 $656.33 $487.13 $169.20 $28,939.80
10 $656.33 $489.93 $166.40 $28,449.87
11 $656.33 $492.74 $163.59 $27,957.13
12 $656.33 $495.58 $160.75 $27,461.55
13 $656.33 $498.43 $157.90 $26,963.12
14 $656.33 $501.29 $155.04 $26,461.83
15 $656.33 $504.17 $152.16 $25,957.66
16 $656.33 $507.07 $149.26 $25,450.59
17 $656.33 $509.99 $146.34 $24,940.60
18 $656.33 $512.92 $143.41 $24,427.68
19 $656.33 $515.87 $140.46 $23,911.81
20 $656.33 $518.84 $137.49 $23,392.97
21 $656.33 $521.82 $134.51 $22,871.15
22 $656.33 $524.82 $131.51 $22,346.33
23 $656.33 $527.84 $128.49 $21,818.49
24 $656.33 $530.87 $125.46 $21,287.62
25 $656.33 $533.93 $122.40 $20,753.69
26 $656.33 $537.00 $119.33 $20,216.69
27 $656.33 $540.08 $116.25 $19,676.61
28 $656.33 $543.19 $113.14 $19,133.42
29 $656.33 $546.31 $110.02 $18,587.11
30 $656.33 $549.45 $106.88 $18,037.66
31 $656.33 $552.61 $103.72 $17,485.05
32 $656.33 $555.79 $100.54 $16,929.26
33 $656.33 $558.99 $97.34 $16,370.27
34 $656.33 $562.20 $94.13 $15,808.07
35 $656.33 $565.43 $90.90 $15,242.64
36 $656.33 $568.68 $87.65 $14,673.96
37 $656.33 $571.95 $84.38 $14,102.01
38 $656.33 $575.24 $81.09 $13,526.77
39 $656.33 $578.55 $77.78 $12,948.22
40 $656.33 $581.88 $74.45 $12,366.34
41 $656.33 $585.22 $71.11 $11,781.12
42 $656.33 $588.59 $67.74 $11,192.53
43 $656.33 $591.97 $64.36 $10,600.56
44 $656.33 $595.38 $60.95 $10,005.18
45 $656.33 $598.80 $57.53 $9,406.38
46 $656.33 $602.24 $54.09 $8,804.14
47 $656.33 $605.71 $50.62 $8,198.43
48 $656.33 $609.19 $47.14 $7,589.24
49 $656.33 $612.69 $43.64 $6,976.55
50 $656.33 $616.21 $40.12 $6,360.34
51 $656.33 $619.76 $36.57 $5,740.58
52 $656.33 $623.32 $33.01 $5,117.26
53 $656.33 $626.91 $29.42 $4,490.35
54 $656.33 $630.51 $25.82 $3,859.84
55 $656.33 $634.14 $22.19 $3,225.70
56 $656.33 $637.78 $18.55 $2,587.92
57 $656.33 $641.45 $14.88 $1,946.47
58 $656.33 $645.14 $11.19 $1,301.33
59 $656.33 $648.85 $7.48 $652.48
60 $656.23 $652.48 $3.75 $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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