Simple Payment Calculator

Estimate your monthly car payment instantly with our free Auto Shopping IQ calculator

Just enter your vehicle price, down payment, loan term, and interest rate to see what fits your budget — before you buy.

AutoShoppingIQ — Simple Loan Calculator
$0
Estimated monthly payment will appear here.
*All figures are estimates for educational purposes only. Actual rates, terms, and payments may vary by lender, dealer, and location.*

How to Use This Car Payment Calculator

  • Enter the total loan amount
  • down payment
  • interest rate
  • loan term
  •  Adjust any input to instantly update your estimate.

FREQUENTLY ASKED QUESTIONS

  • How is my car payment calculated?
    Your payment depends on your loan amount, down payment, interest rate, and term. The calculator uses standard amortization formulas for accuracy.

  • Does this include taxes and fees?
    NO, This is calculation of the Total amount financed, minus your downpayment

  • What is a good car payment for my income?
    Many experts suggest keeping your car payment under 15% of your monthly take-home pay.

  • Can I use this for used cars?
    Absolutely — enter the used vehicle’s purchase price and any applicable loan rate.

Need more information? Try the Purchase Worksheet to get an exact “Out the door” total. Need to compare payment options with dealership-level detail and accuracy? Try the Auto Loan Worksheet and have ALL of the answers you need to make the best decision. 

Purchase worksheet
Auto Loan worksheet
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