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
$ 652 / month
Amount financed
$33,006
Total interest
$6,114
Total of payments
$39,120
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 (Tennessee 7.000%) $2,450.00
Taxable amount $35,000.00
Trade-in tax credit $0.00
+ Doc, title & registration fees $3,006
= Amount financed $33,006
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 $652/month on about $33,006 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 $652.00 $462.22 $189.78 $32,543.78
2 $652.00 $464.87 $187.13 $32,078.91
3 $652.00 $467.55 $184.45 $31,611.36
4 $652.00 $470.23 $181.77 $31,141.13
5 $652.00 $472.94 $179.06 $30,668.19
6 $652.00 $475.66 $176.34 $30,192.53
7 $652.00 $478.39 $173.61 $29,714.14
8 $652.00 $481.14 $170.86 $29,233.00
9 $652.00 $483.91 $168.09 $28,749.09
10 $652.00 $486.69 $165.31 $28,262.40
11 $652.00 $489.49 $162.51 $27,772.91
12 $652.00 $492.31 $159.69 $27,280.60
13 $652.00 $495.14 $156.86 $26,785.46
14 $652.00 $497.98 $154.02 $26,287.48
15 $652.00 $500.85 $151.15 $25,786.63
16 $652.00 $503.73 $148.27 $25,282.90
17 $652.00 $506.62 $145.38 $24,776.28
18 $652.00 $509.54 $142.46 $24,266.74
19 $652.00 $512.47 $139.53 $23,754.27
20 $652.00 $515.41 $136.59 $23,238.86
21 $652.00 $518.38 $133.62 $22,720.48
22 $652.00 $521.36 $130.64 $22,199.12
23 $652.00 $524.36 $127.64 $21,674.76
24 $652.00 $527.37 $124.63 $21,147.39
25 $652.00 $530.40 $121.60 $20,616.99
26 $652.00 $533.45 $118.55 $20,083.54
27 $652.00 $536.52 $115.48 $19,547.02
28 $652.00 $539.60 $112.40 $19,007.42
29 $652.00 $542.71 $109.29 $18,464.71
30 $652.00 $545.83 $106.17 $17,918.88
31 $652.00 $548.97 $103.03 $17,369.91
32 $652.00 $552.12 $99.88 $16,817.79
33 $652.00 $555.30 $96.70 $16,262.49
34 $652.00 $558.49 $93.51 $15,704.00
35 $652.00 $561.70 $90.30 $15,142.30
36 $652.00 $564.93 $87.07 $14,577.37
37 $652.00 $568.18 $83.82 $14,009.19
38 $652.00 $571.45 $80.55 $13,437.74
39 $652.00 $574.73 $77.27 $12,863.01
40 $652.00 $578.04 $73.96 $12,284.97
41 $652.00 $581.36 $70.64 $11,703.61
42 $652.00 $584.70 $67.30 $11,118.91
43 $652.00 $588.07 $63.93 $10,530.84
44 $652.00 $591.45 $60.55 $9,939.39
45 $652.00 $594.85 $57.15 $9,344.54
46 $652.00 $598.27 $53.73 $8,746.27
47 $652.00 $601.71 $50.29 $8,144.56
48 $652.00 $605.17 $46.83 $7,539.39
49 $652.00 $608.65 $43.35 $6,930.74
50 $652.00 $612.15 $39.85 $6,318.59
51 $652.00 $615.67 $36.33 $5,702.92
52 $652.00 $619.21 $32.79 $5,083.71
53 $652.00 $622.77 $29.23 $4,460.94
54 $652.00 $626.35 $25.65 $3,834.59
55 $652.00 $629.95 $22.05 $3,204.64
56 $652.00 $633.57 $18.43 $2,571.07
57 $652.00 $637.22 $14.78 $1,933.85
58 $652.00 $640.88 $11.12 $1,292.97
59 $652.00 $644.57 $7.43 $648.40
60 $652.13 $648.40 $3.73 $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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