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
$ 651 / month
Amount financed
$32,980
Total interest
$6,109
Total of payments
$39,089
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 (Rhode Island 7.000%) $2,450.00
Taxable amount $35,000.00
Trade-in tax credit $0.00
+ Doc, title & registration fees $2,980
= Amount financed $32,980
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 $651/month on about $32,980 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 $651.49 $461.85 $189.64 $32,518.15
2 $651.49 $464.51 $186.98 $32,053.64
3 $651.49 $467.18 $184.31 $31,586.46
4 $651.49 $469.87 $181.62 $31,116.59
5 $651.49 $472.57 $178.92 $30,644.02
6 $651.49 $475.29 $176.20 $30,168.73
7 $651.49 $478.02 $173.47 $29,690.71
8 $651.49 $480.77 $170.72 $29,209.94
9 $651.49 $483.53 $167.96 $28,726.41
10 $651.49 $486.31 $165.18 $28,240.10
11 $651.49 $489.11 $162.38 $27,750.99
12 $651.49 $491.92 $159.57 $27,259.07
13 $651.49 $494.75 $156.74 $26,764.32
14 $651.49 $497.60 $153.89 $26,266.72
15 $651.49 $500.46 $151.03 $25,766.26
16 $651.49 $503.33 $148.16 $25,262.93
17 $651.49 $506.23 $145.26 $24,756.70
18 $651.49 $509.14 $142.35 $24,247.56
19 $651.49 $512.07 $139.42 $23,735.49
20 $651.49 $515.01 $136.48 $23,220.48
21 $651.49 $517.97 $133.52 $22,702.51
22 $651.49 $520.95 $130.54 $22,181.56
23 $651.49 $523.95 $127.54 $21,657.61
24 $651.49 $526.96 $124.53 $21,130.65
25 $651.49 $529.99 $121.50 $20,600.66
26 $651.49 $533.04 $118.45 $20,067.62
27 $651.49 $536.10 $115.39 $19,531.52
28 $651.49 $539.18 $112.31 $18,992.34
29 $651.49 $542.28 $109.21 $18,450.06
30 $651.49 $545.40 $106.09 $17,904.66
31 $651.49 $548.54 $102.95 $17,356.12
32 $651.49 $551.69 $99.80 $16,804.43
33 $651.49 $554.86 $96.63 $16,249.57
34 $651.49 $558.05 $93.44 $15,691.52
35 $651.49 $561.26 $90.23 $15,130.26
36 $651.49 $564.49 $87.00 $14,565.77
37 $651.49 $567.74 $83.75 $13,998.03
38 $651.49 $571.00 $80.49 $13,427.03
39 $651.49 $574.28 $77.21 $12,852.75
40 $651.49 $577.59 $73.90 $12,275.16
41 $651.49 $580.91 $70.58 $11,694.25
42 $651.49 $584.25 $67.24 $11,110.00
43 $651.49 $587.61 $63.88 $10,522.39
44 $651.49 $590.99 $60.50 $9,931.40
45 $651.49 $594.38 $57.11 $9,337.02
46 $651.49 $597.80 $53.69 $8,739.22
47 $651.49 $601.24 $50.25 $8,137.98
48 $651.49 $604.70 $46.79 $7,533.28
49 $651.49 $608.17 $43.32 $6,925.11
50 $651.49 $611.67 $39.82 $6,313.44
51 $651.49 $615.19 $36.30 $5,698.25
52 $651.49 $618.73 $32.76 $5,079.52
53 $651.49 $622.28 $29.21 $4,457.24
54 $651.49 $625.86 $25.63 $3,831.38
55 $651.49 $629.46 $22.03 $3,201.92
56 $651.49 $633.08 $18.41 $2,568.84
57 $651.49 $636.72 $14.77 $1,932.12
58 $651.49 $640.38 $11.11 $1,291.74
59 $651.49 $644.06 $7.43 $647.68
60 $651.40 $647.68 $3.72 $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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