Calculators

Auto Loan: How Much Can You Afford?

Use this calculator to help you determine your monthly car loan payment or your car purchase price. After you have entered your current information, use the graph options to see how different loan terms or down payments can impact your monthly payment.

Auto: Affordability
100000
Your total annual income from all sources.
100
Your total amount of monthly debt payments, including maintenance, fuel, and insurance.
4
Term is in years.
5
Projected interest rate for an auto loan.
2500
How much money you intend to put down on a vehicle.

This assumes that your total car expenses (including loan payment) should not exceed 15% of your monthly income.

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