Auto Loan Calculator

Estimate your monthly car payment from the price you negotiate, not just a round loan amount. Sales tax, fees, your down payment and trade-in, including any balance you still owe on it, are all included.

Monthly payment$679.2960 payments

Amount financed: $33,900.00
Sales tax: $2,100.00
Total interest: $6,857.15
Total of payments: $40,757.15
Total cost incl. down payment & trade-in: $44,757.15

What this means. All in, with sales tax, fees and interest, this $35,000 vehicle costs you $44,757. Interest is $6,857 of that, about 20 cents for every $1 borrowed. A 48-month term would raise the payment to $819.66 but save $1,413 in interest.

Amortization schedule

Year	Payment	Principal	Interest	Balance
1	$8,151.48	$5,805.86	$2,345.62	$28,094.14
2	$8,151.48	$6,256.58	$1,894.90	$21,837.56
3	$8,151.48	$6,742.30	$1,409.18	$15,095.26
4	$8,151.48	$7,265.72	$885.76	$7,829.54
5	$8,151.23	$7,829.54	$321.69	$0.00

Month	Payment	Principal	Interest	Balance
1	$679.29	$467.42	$211.87	$33,432.58
2	$679.29	$470.34	$208.95	$32,962.24
3	$679.29	$473.28	$206.01	$32,488.96
4	$679.29	$476.23	$203.06	$32,012.73
5	$679.29	$479.21	$200.08	$31,533.52
6	$679.29	$482.21	$197.08	$31,051.31
7	$679.29	$485.22	$194.07	$30,566.09
8	$679.29	$488.25	$191.04	$30,077.84
9	$679.29	$491.30	$187.99	$29,586.54
10	$679.29	$494.37	$184.92	$29,092.17
11	$679.29	$497.46	$181.83	$28,594.71
12	$679.29	$500.57	$178.72	$28,094.14
13	$679.29	$503.70	$175.59	$27,590.44
14	$679.29	$506.85	$172.44	$27,083.59
15	$679.29	$510.02	$169.27	$26,573.57
16	$679.29	$513.21	$166.08	$26,060.36
17	$679.29	$516.41	$162.88	$25,543.95
18	$679.29	$519.64	$159.65	$25,024.31
19	$679.29	$522.89	$156.40	$24,501.42
20	$679.29	$526.16	$153.13	$23,975.26
21	$679.29	$529.44	$149.85	$23,445.82
22	$679.29	$532.75	$146.54	$22,913.07
23	$679.29	$536.08	$143.21	$22,376.99
24	$679.29	$539.43	$139.86	$21,837.56
25	$679.29	$542.81	$136.48	$21,294.75
26	$679.29	$546.20	$133.09	$20,748.55
27	$679.29	$549.61	$129.68	$20,198.94
28	$679.29	$553.05	$126.24	$19,645.89
29	$679.29	$556.50	$122.79	$19,089.39
30	$679.29	$559.98	$119.31	$18,529.41
31	$679.29	$563.48	$115.81	$17,965.93
32	$679.29	$567.00	$112.29	$17,398.93
33	$679.29	$570.55	$108.74	$16,828.38
34	$679.29	$574.11	$105.18	$16,254.27
35	$679.29	$577.70	$101.59	$15,676.57
36	$679.29	$581.31	$97.98	$15,095.26
37	$679.29	$584.94	$94.35	$14,510.32
38	$679.29	$588.60	$90.69	$13,921.72
39	$679.29	$592.28	$87.01	$13,329.44
40	$679.29	$595.98	$83.31	$12,733.46
41	$679.29	$599.71	$79.58	$12,133.75
42	$679.29	$603.45	$75.84	$11,530.30
43	$679.29	$607.23	$72.06	$10,923.07
44	$679.29	$611.02	$68.27	$10,312.05
45	$679.29	$614.84	$64.45	$9,697.21
46	$679.29	$618.68	$60.61	$9,078.53
47	$679.29	$622.55	$56.74	$8,455.98
48	$679.29	$626.44	$52.85	$7,829.54
49	$679.29	$630.36	$48.93	$7,199.18
50	$679.29	$634.30	$44.99	$6,564.88
51	$679.29	$638.26	$41.03	$5,926.62
52	$679.29	$642.25	$37.04	$5,284.37
53	$679.29	$646.26	$33.03	$4,638.11
54	$679.29	$650.30	$28.99	$3,987.81
55	$679.29	$654.37	$24.92	$3,333.44
56	$679.29	$658.46	$20.83	$2,674.98
57	$679.29	$662.57	$16.72	$2,012.41
58	$679.29	$666.71	$12.58	$1,345.70
59	$679.29	$670.88	$8.41	$674.82
60	$679.04	$674.82	$4.22	$0.00

What you finance

Amount financed = price + sales tax + fees − down payment − trade-in value + amount still owed on the trade-in

Most states charge sales tax on the price minus your trade-in, which this calculator assumes. A few states tax the full price.

Example

A $35,000 car with $4,000 down, 6% sales tax ($2,100) and $800 in fees means financing $33,900. At 7.5% for 60 months the payment is $679.29, and you pay $6,857.15 in interest.

Long loans and negative equity

Stretching to 72 or 84 months lowers the payment, but cars lose value quickly, so you can owe more than the car is worth for years. If you trade in a car while still upside-down, that shortfall gets added to the new loan. The calculator flags both situations.

Frequently asked questions

What is a good car loan term?

Shorter is cheaper. 36 to 60 months keeps interest low and helps you build equity. Longer terms make sense only if the rate is low and you plan to keep the car a long time.

Should I take a dealer rebate or low-APR financing?

Run both: enter the price minus the rebate with your bank’s rate, then the full price with the promotional rate. Pick whichever gives the lower total of payments.

Does this include insurance or registration renewals?

No. It covers the loan only. One-time title and dealer fees can be included in the fees field.

Sources

Last reviewed October 26, 2026. How we review and test pages.

PmtCalc provides estimates for education and planning only. Results are not an offer of credit, a loan approval, or financial, tax or legal advice. Actual terms depend on the lender and your situation. How we calculate and test these results.