Calculate your estimated monthly car payment by price, down payment, rate, and term.
Enter your loan details and click Calculate to see your estimated monthly payment.
💡 Tip: This estimate does not include taxes, title fees, registration, or insurance costs. Your actual payment may be higher. Always confirm with your lender.
Enter the vehicle price, your down payment amount, the annual interest rate offered by your lender, and your desired loan term. If you have a trade-in, enter its value as well — it will be subtracted from the loan amount. Click Calculate to see your estimated monthly payment, total cost, and total interest paid.
This calculator uses the standard amortization formula used by lenders. The loan amount is the vehicle price minus your down payment and trade-in value. The monthly payment is calculated based on that principal, the monthly interest rate (annual rate ÷ 12), and the number of months in your loan term.
Formula: M = P × [r(1+r)^n] ÷ [(1+r)^n - 1] | Where P = loan amount, r = monthly rate, n = number of payments