Estimate your monthly car payment after trade-in, down payment, sales tax and registration fees.
Monthly pay
$858.64
Loan amount
$45,500.00
Sales tax
$3,500.00
Title, registration & other fees
$2,000.00
Upfront payment
$10,000.00
Total of 60 loan payments
$51,518.47
Total interest
$6,018.47
Total cost (price + tax + fees + interest)
$61,518.47
Sales tax rate
7%
Total cost breakdown
Loan principal 74%
Interest 9.8%
Down payment & trade-in 16.3%
Remaining balance over time
Results are estimates and not financial advice.
Amortization schedule
Loan year
Interest
Principal
Ending balance
Year 1
$2,088.43
$8,215.25
$37,284.75
Year 2
$1,668.13
$8,635.55
$28,649.20
Year 3
$1,226.30
$9,077.38
$19,571.82
Year 4
$761.91
$9,541.77
$10,030.05
Year 5
$273.71
$10,030.05
$0.00
Payment #
Interest
Principal
Ending balance
1
$189.58
$669.06
$44,830.94
2
$186.80
$671.84
$44,159.10
3
$184.00
$674.64
$43,484.46
4
$181.19
$677.45
$42,807.01
5
$178.36
$680.28
$42,126.73
6
$175.53
$683.11
$41,443.62
7
$172.68
$685.96
$40,757.66
8
$169.82
$688.82
$40,068.84
9
$166.95
$691.69
$39,377.15
10
$164.07
$694.57
$38,682.58
11
$161.18
$697.46
$37,985.12
12
$158.27
$700.37
$37,284.75
13
$155.35
$703.29
$36,581.46
14
$152.42
$706.22
$35,875.24
15
$149.48
$709.16
$35,166.08
16
$146.53
$712.11
$34,453.97
17
$143.56
$715.08
$33,738.89
18
$140.58
$718.06
$33,020.83
19
$137.59
$721.05
$32,299.78
20
$134.58
$724.06
$31,575.72
21
$131.57
$727.07
$30,848.65
22
$128.54
$730.10
$30,118.55
23
$125.49
$733.15
$29,385.40
24
$122.44
$736.20
$28,649.20
25
$119.37
$739.27
$27,909.93
26
$116.29
$742.35
$27,167.58
27
$113.20
$745.44
$26,422.14
28
$110.09
$748.55
$25,673.59
29
$106.97
$751.67
$24,921.92
30
$103.84
$754.80
$24,167.12
31
$100.70
$757.94
$23,409.18
32
$97.54
$761.10
$22,648.08
33
$94.37
$764.27
$21,883.81
34
$91.18
$767.46
$21,116.35
35
$87.98
$770.66
$20,345.69
36
$84.77
$773.87
$19,571.82
37
$81.55
$777.09
$18,794.73
38
$78.31
$780.33
$18,014.40
39
$75.06
$783.58
$17,230.82
40
$71.80
$786.84
$16,443.98
41
$68.52
$790.12
$15,653.86
42
$65.22
$793.42
$14,860.44
43
$61.92
$796.72
$14,063.72
44
$58.60
$800.04
$13,263.68
45
$55.27
$803.37
$12,460.31
46
$51.92
$806.72
$11,653.59
47
$48.56
$810.08
$10,843.51
48
$45.18
$813.46
$10,030.05
49
$41.79
$816.85
$9,213.20
50
$38.39
$820.25
$8,392.95
51
$34.97
$823.67
$7,569.28
52
$31.54
$827.10
$6,742.18
53
$28.09
$830.55
$5,911.63
54
$24.63
$834.01
$5,077.62
55
$21.16
$837.48
$4,240.14
56
$17.67
$840.97
$3,399.17
57
$14.16
$844.48
$2,554.69
58
$10.64
$848.00
$1,706.69
59
$7.11
$851.53
$855.16
60
$3.56
$855.16
$0.00
About the auto loan calculator
Dealers quote a sticker price, but what you finance depends on the trade-in value, your down payment, sales tax and the fees for title and registration. This calculator turns all of those into a loan amount and a monthly payment.
Sales tax is applied to the vehicle price after the trade-in is subtracted, which is how many states handle trade-ins. You can choose to roll the tax and fees into the loan or pay them in cash at signing. Rolling them in keeps the upfront cost low but you pay interest on them.
Shorter versus longer terms
A longer term lowers the monthly payment, but total interest grows and you may owe more than the car is worth for longer. Compare a few terms before you sign.
Formula
Sales tax = (Price − Trade-in) × Tax rate
Loan amount = Price − Trade-in − Down payment + Tax + Fees (tax and fees only if financed)
Payment M = L × r ÷ (1 − (1 + r)^−n), r = annual rate ÷ 12
Example
A $50,000 vehicle with $10,000 down, no trade-in, 7% sales tax ($3,500) and $2,000 of fees, all financed, gives a $45,500 loan. At 5% for 60 months the payment is $858.64 and the total interest is $6,018.47.
