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
$ 639 / month
Amount financed
$32,328
Total interest
$5,988
Total of payments
$38,316
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 (Ohio 5.750%) $2,012.50
Taxable amount $35,000.00
Trade-in tax credit $0.00
+ Doc, title & registration fees $2,328
= Amount financed $32,328
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 $639/month on about $32,328 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 $638.60 $452.72 $185.88 $31,874.78
2 $638.60 $455.32 $183.28 $31,419.46
3 $638.60 $457.94 $180.66 $30,961.52
4 $638.60 $460.57 $178.03 $30,500.95
5 $638.60 $463.22 $175.38 $30,037.73
6 $638.60 $465.88 $172.72 $29,571.85
7 $638.60 $468.56 $170.04 $29,103.29
8 $638.60 $471.26 $167.34 $28,632.03
9 $638.60 $473.97 $164.63 $28,158.06
10 $638.60 $476.69 $161.91 $27,681.37
11 $638.60 $479.43 $159.17 $27,201.94
12 $638.60 $482.19 $156.41 $26,719.75
13 $638.60 $484.96 $153.64 $26,234.79
14 $638.60 $487.75 $150.85 $25,747.04
15 $638.60 $490.55 $148.05 $25,256.49
16 $638.60 $493.38 $145.22 $24,763.11
17 $638.60 $496.21 $142.39 $24,266.90
18 $638.60 $499.07 $139.53 $23,767.83
19 $638.60 $501.93 $136.67 $23,265.90
20 $638.60 $504.82 $133.78 $22,761.08
21 $638.60 $507.72 $130.88 $22,253.36
22 $638.60 $510.64 $127.96 $21,742.72
23 $638.60 $513.58 $125.02 $21,229.14
24 $638.60 $516.53 $122.07 $20,712.61
25 $638.60 $519.50 $119.10 $20,193.11
26 $638.60 $522.49 $116.11 $19,670.62
27 $638.60 $525.49 $113.11 $19,145.13
28 $638.60 $528.52 $110.08 $18,616.61
29 $638.60 $531.55 $107.05 $18,085.06
30 $638.60 $534.61 $103.99 $17,550.45
31 $638.60 $537.68 $100.92 $17,012.77
32 $638.60 $540.78 $97.82 $16,471.99
33 $638.60 $543.89 $94.71 $15,928.10
34 $638.60 $547.01 $91.59 $15,381.09
35 $638.60 $550.16 $88.44 $14,830.93
36 $638.60 $553.32 $85.28 $14,277.61
37 $638.60 $556.50 $82.10 $13,721.11
38 $638.60 $559.70 $78.90 $13,161.41
39 $638.60 $562.92 $75.68 $12,598.49
40 $638.60 $566.16 $72.44 $12,032.33
41 $638.60 $569.41 $69.19 $11,462.92
42 $638.60 $572.69 $65.91 $10,890.23
43 $638.60 $575.98 $62.62 $10,314.25
44 $638.60 $579.29 $59.31 $9,734.96
45 $638.60 $582.62 $55.98 $9,152.34
46 $638.60 $585.97 $52.63 $8,566.37
47 $638.60 $589.34 $49.26 $7,977.03
48 $638.60 $592.73 $45.87 $7,384.30
49 $638.60 $596.14 $42.46 $6,788.16
50 $638.60 $599.57 $39.03 $6,188.59
51 $638.60 $603.02 $35.58 $5,585.57
52 $638.60 $606.48 $32.12 $4,979.09
53 $638.60 $609.97 $28.63 $4,369.12
54 $638.60 $613.48 $25.12 $3,755.64
55 $638.60 $617.01 $21.59 $3,138.63
56 $638.60 $620.55 $18.05 $2,518.08
57 $638.60 $624.12 $14.48 $1,893.96
58 $638.60 $627.71 $10.89 $1,266.25
59 $638.60 $631.32 $7.28 $634.93
60 $638.58 $634.93 $3.65 $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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