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
$ 642 / month
Amount financed
$32,521
Total interest
$6,024
Total of payments
$38,545
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 (Texas 6.250%) $2,187.50
Taxable amount $35,000.00
Trade-in tax credit $0.00
+ Doc, title & registration fees $2,521
= Amount financed $32,521
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 $642/month on about $32,521 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 $642.41 $455.42 $186.99 $32,065.08
2 $642.41 $458.04 $184.37 $31,607.04
3 $642.41 $460.67 $181.74 $31,146.37
4 $642.41 $463.32 $179.09 $30,683.05
5 $642.41 $465.98 $176.43 $30,217.07
6 $642.41 $468.66 $173.75 $29,748.41
7 $642.41 $471.36 $171.05 $29,277.05
8 $642.41 $474.07 $168.34 $28,802.98
9 $642.41 $476.79 $165.62 $28,326.19
10 $642.41 $479.53 $162.88 $27,846.66
11 $642.41 $482.29 $160.12 $27,364.37
12 $642.41 $485.06 $157.35 $26,879.31
13 $642.41 $487.85 $154.56 $26,391.46
14 $642.41 $490.66 $151.75 $25,900.80
15 $642.41 $493.48 $148.93 $25,407.32
16 $642.41 $496.32 $146.09 $24,911.00
17 $642.41 $499.17 $143.24 $24,411.83
18 $642.41 $502.04 $140.37 $23,909.79
19 $642.41 $504.93 $137.48 $23,404.86
20 $642.41 $507.83 $134.58 $22,897.03
21 $642.41 $510.75 $131.66 $22,386.28
22 $642.41 $513.69 $128.72 $21,872.59
23 $642.41 $516.64 $125.77 $21,355.95
24 $642.41 $519.61 $122.80 $20,836.34
25 $642.41 $522.60 $119.81 $20,313.74
26 $642.41 $525.61 $116.80 $19,788.13
27 $642.41 $528.63 $113.78 $19,259.50
28 $642.41 $531.67 $110.74 $18,727.83
29 $642.41 $534.72 $107.69 $18,193.11
30 $642.41 $537.80 $104.61 $17,655.31
31 $642.41 $540.89 $101.52 $17,114.42
32 $642.41 $544.00 $98.41 $16,570.42
33 $642.41 $547.13 $95.28 $16,023.29
34 $642.41 $550.28 $92.13 $15,473.01
35 $642.41 $553.44 $88.97 $14,919.57
36 $642.41 $556.62 $85.79 $14,362.95
37 $642.41 $559.82 $82.59 $13,803.13
38 $642.41 $563.04 $79.37 $13,240.09
39 $642.41 $566.28 $76.13 $12,673.81
40 $642.41 $569.54 $72.87 $12,104.27
41 $642.41 $572.81 $69.60 $11,531.46
42 $642.41 $576.10 $66.31 $10,955.36
43 $642.41 $579.42 $62.99 $10,375.94
44 $642.41 $582.75 $59.66 $9,793.19
45 $642.41 $586.10 $56.31 $9,207.09
46 $642.41 $589.47 $52.94 $8,617.62
47 $642.41 $592.86 $49.55 $8,024.76
48 $642.41 $596.27 $46.14 $7,428.49
49 $642.41 $599.70 $42.71 $6,828.79
50 $642.41 $603.14 $39.27 $6,225.65
51 $642.41 $606.61 $35.80 $5,619.04
52 $642.41 $610.10 $32.31 $5,008.94
53 $642.41 $613.61 $28.80 $4,395.33
54 $642.41 $617.14 $25.27 $3,778.19
55 $642.41 $620.69 $21.72 $3,157.50
56 $642.41 $624.25 $18.16 $2,533.25
57 $642.41 $627.84 $14.57 $1,905.41
58 $642.41 $631.45 $10.96 $1,273.96
59 $642.41 $635.08 $7.33 $638.88
60 $642.55 $638.88 $3.67 $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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