Car Payment Calculator
Quickly calculate your monthly car payment from loan amount, rate, and term.
Enter your numbers and select Calculate to see results.
About This Calculator
A fast, no-frills car payment calculator — enter the amount you're financing, your interest rate, and loan term to get your monthly payment. For a full breakdown including trade-in, sales tax, and down payment, use the Auto Loan Calculator instead.
How This Is Calculated
M = P [ i(1+i)^n ] / [ (1+i)^n − 1 ]
- M
- — Monthly payment
- P
- — Amount financed
- i
- — Monthly interest rate (APR ÷ 12)
- n
- — Loan term in months
Financing $28,000 at 7.5% for 60 months gives a monthly payment of about $561.
Assumptions
- Fixed APR for the full loan term.
- Does not include sales tax, fees, or trade-in — see the Auto Loan Calculator for those.
Frequently Asked Questions
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Last updated January 15, 2026. Results are estimates for informational purposes only — read our disclaimer.