Car Payment Calculator
See the full deal—not just the monthly payment. Compare prices, terms, rates, and trade-in scenarios.
Your details
Advanced assumptions
These are scenario assumptions, not verified local rules or lender terms. Only change options supported by your documents.
Your results
Payment breakdown
View first 12 payments
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $647.44 | $468.21 | $179.24 | $32,621.79 |
| 2 | $647.44 | $470.74 | $176.70 | $32,151.05 |
| 3 | $647.44 | $473.29 | $174.15 | $31,677.76 |
| 4 | $647.44 | $475.86 | $171.59 | $31,201.90 |
| 5 | $647.44 | $478.43 | $169.01 | $30,723.47 |
| 6 | $647.44 | $481.03 | $166.42 | $30,242.44 |
| 7 | $647.44 | $483.63 | $163.81 | $29,758.81 |
| 8 | $647.44 | $486.25 | $161.19 | $29,272.56 |
| 9 | $647.44 | $488.88 | $158.56 | $28,783.68 |
| 10 | $647.44 | $491.53 | $155.91 | $28,292.15 |
| 11 | $647.44 | $494.19 | $153.25 | $27,797.95 |
| 12 | $647.44 | $496.87 | $150.57 | $27,301.08 |
Calculated:
Scenario comparison
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How the car payment calculator works
Estimate your monthly car payment, amount financed, taxes, total interest, and the effect of your trade-in.
Monthly payment = P × [r(1 + r)ⁿ] ÷ [(1 + r)ⁿ − 1], where P is the amount financed, r is the monthly interest rate, and n is the number of payments.
Example
A $38,000 vehicle with $5,000 down, a $3,000 net trade-in, 6.5% APR, and a 60-month term produces a payment based on the financed balance after tax and fees.
What affects the result
- A larger down payment reduces both the financed balance and total interest.
- Longer terms lower the monthly payment but usually increase total interest.
- Negative trade equity is added to the new loan and can raise both payment and risk.
Helpful guides
Frequently asked questions
Does the estimate include sales tax?
Yes. Sumvoro applies the entered sales-tax rate to the taxable vehicle amount. Local rules on trade-in credits vary, so confirm with your state or dealer.
What is net trade equity?
It is your trade-in value minus the amount still owed. A negative result increases the new amount financed.
Is an 84-month car loan a good idea?
It can reduce the monthly payment, but it increases total interest and the risk of owing more than the vehicle is worth.