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Automobile Payment and Affordability Calculator

Calculator should be used for informational purposes only.

To use this calculator, type appropriate data into the first three input fields (Annual Interest Rate, Terms of Loan, and Down Payment), then complete either section A or B. Section A will assist you in calculating the monthly payment based upon the vehicle's cost. Section B will assist you in calculating how much of a loan you can afford based upon your desired monthly payment.

Do not use commas in dollar amounts.

 Annual Interest Rate : %
 Terms of Loan : (number of months)
 Down Payment : $
 Please Complete A. or B.
 A. Calculate Monthly Payment
B. Calculate Loan Amount

Vehicle Cost :

 Desired Monthly Payment :

Monthly Payment =
Loan Amount =