finance calculator
Estimate car payments, total financing cost, and interest.
Vehicle prices, trade-in offers, rates, and fees change often. Save this page to compare offers quickly.
Monthly payment
$602
Formula
Amount financed = price + tax + fees - down payment - trade-inThe financed amount is passed into the standard amortizing loan payment formula.
Step by step
Example
A $35,000 vehicle with $7,000 down, 7% sales tax, $300 fees, and a 6.5% APR for 60 months has an estimated payment near $602.
Related guides
Guide
Compare auto loan options, understand how credit scores affect rates, and learn strategies to get the best financing deal on your next vehicle purchase.
Guide
Learn how loan payments are calculated, what principal, interest rate, and term mean, and how to compare monthly payment scenarios before borrowing.
Summary
Monthly payment
$602
Estimated auto loan payment.
Amount financed
$30,750
Price plus tax/fees minus credits.
Total interest
$5,350
Financing cost over the term.
Total vehicle cost
$43,100
Vehicle cost plus interest.
D3 visualization
Compare vehicle price, tax, fees, down payment, and trade-in inputs.
D3 visualization
A sampled view of the full auto-loan term shows when the balance meaningfully drops.
Full amortization schedule
Monthly view shows the full exact schedule. Quarterly and yearly views summarize the same monthly schedule. Weekly view is a weekly equivalent split for quick planning.
Swipe sideways to view all columns.
| Period | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| Month 1 | $602 | $435 | $167 | $30,315 |
| Month 2 | $602 | $437 | $164 | $29,877 |
| Month 3 | $602 | $440 | $162 | $29,438 |
| Month 4 | $602 | $442 | $159 | $28,995 |
| Month 5 | $602 | $445 | $157 | $28,551 |
| Month 6 | $602 | $447 | $155 | $28,104 |
| Month 7 | $602 | $449 | $152 | $27,654 |
| Month 8 | $602 | $452 | $150 | $27,203 |
| Month 9 | $602 | $454 | $147 | $26,748 |
| Month 10 | $602 | $457 | $145 | $26,291 |
| Month 11 | $602 | $459 | $142 | $25,832 |
| Month 12 | $602 | $462 | $140 | $25,370 |
| Month 13 | $602 | $464 | $137 | $24,906 |
| Month 14 | $602 | $467 | $135 | $24,439 |
| Month 15 | $602 | $469 | $132 | $23,970 |
| Month 16 | $602 | $472 | $130 | $23,498 |
| Month 17 | $602 | $474 | $127 | $23,024 |
| Month 18 | $602 | $477 | $125 | $22,547 |
| Month 19 | $602 | $480 | $122 | $22,068 |
| Month 20 | $602 | $482 | $120 | $21,585 |
| Month 21 | $602 | $485 | $117 | $21,101 |
| Month 22 | $602 | $487 | $114 | $20,613 |
| Month 23 | $602 | $490 | $112 | $20,123 |
| Month 24 | $602 | $493 | $109 | $19,631 |
| Month 25 | $602 | $495 | $106 | $19,135 |
| Month 26 | $602 | $498 | $104 | $18,637 |
| Month 27 | $602 | $501 | $101 | $18,137 |
| Month 28 | $602 | $503 | $98 | $17,633 |
| Month 29 | $602 | $506 | $96 | $17,127 |
| Month 30 | $602 | $509 | $93 | $16,618 |
| Month 31 | $602 | $512 | $90 | $16,106 |
| Month 32 | $602 | $514 | $87 | $15,592 |
| Month 33 | $602 | $517 | $84 | $15,075 |
| Month 34 | $602 | $520 | $82 | $14,555 |
| Month 35 | $602 | $523 | $79 | $14,032 |
| Month 36 | $602 | $526 | $76 | $13,506 |
| Month 37 | $602 | $528 | $73 | $12,978 |
| Month 38 | $602 | $531 | $70 | $12,447 |
| Month 39 | $602 | $534 | $67 | $11,912 |
| Month 40 | $602 | $537 | $65 | $11,375 |
| Month 41 | $602 | $540 | $62 | $10,835 |
| Month 42 | $602 | $543 | $59 | $10,292 |
| Month 43 | $602 | $546 | $56 | $9,746 |
| Month 44 | $602 | $549 | $53 | $9,197 |
| Month 45 | $602 | $552 | $50 | $8,646 |
| Month 46 | $602 | $555 | $47 | $8,091 |
| Month 47 | $602 | $558 | $44 | $7,533 |
| Month 48 | $602 | $561 | $41 | $6,972 |
| Month 49 | $602 | $564 | $38 | $6,408 |
| Month 50 | $602 | $567 | $35 | $5,841 |
| Month 51 | $602 | $570 | $32 | $5,271 |
| Month 52 | $602 | $573 | $29 | $4,698 |
| Month 53 | $602 | $576 | $25 | $4,122 |
| Month 54 | $602 | $579 | $22 | $3,542 |
| Month 55 | $602 | $582 | $19 | $2,960 |
| Month 56 | $602 | $586 | $16 | $2,374 |
| Month 57 | $602 | $589 | $13 | $1,786 |
| Month 58 | $602 | $592 | $10 | $1,194 |
| Month 59 | $602 | $595 | $6 | $598 |
| Month 60 | $602 | $598 | $3 | $0 |
Guide
The auto loan calculator estimates the financing cost of a vehicle purchase. It includes vehicle price, down payment, trade-in value, sales tax, title or dealer fees, APR, and loan term.
This is more useful than checking monthly payment alone because it separates the amount financed from tax, fees, interest, and total vehicle cost. A vehicle with the same sticker price can produce a different payment when trade-in value, fees, or rate changes.
Enter the vehicle price, down payment, trade-in value, loan term, interest rate, sales tax, and title or dealer fees. The calculator estimates the financed amount first, then calculates the monthly payment and total interest.
Use the results to compare cars, negotiate financing, or decide whether a larger down payment is worth it. If a dealer focuses only on monthly payment, check the total cost and interest before agreeing.
Amount financed equals vehicle price plus tax plus fees minus down payment and trade-in value. The amount financed is then passed into the standard amortizing loan payment formula.
Sales tax and registration rules vary by location, and dealer fees can vary by seller. Treat the calculator as a planning estimate and compare it with the final buyer order or financing disclosure.
Amount financed
The loan balance after adding taxes/fees and subtracting down payment/trade-in.
Trade-in value
Credit from your current vehicle that reduces the amount you need to borrow.
Total vehicle cost
Vehicle price, taxes, fees, and loan interest combined.
Yes. Enter your sales tax rate and the calculator adds estimated tax before subtracting down payment and trade-in value.
Amount financed includes tax and fees, then subtracts cash down and trade-in value. It is the balance actually being borrowed.
A longer term can lower the payment but usually increases interest and can keep you underwater on the vehicle for longer.