Car Affordability Calculator
Reverse a monthly payment limit into a modeled vehicle price from rate, term, down payment and tax.
What would you like to do next?
Start with the payment ceiling instead of the sticker price
Enter a maximum monthly loan payment, down payment or trade value, annual interest rate, term and sales tax. The calculator reverses a fixed-rate amortizing payment to estimate a financeable balance and modeled pre-tax vehicle price. Showing total scheduled payments beside the price helps keep a longer loan from appearing cheaper merely because the monthly amount is lower.
Budget for ownership costs outside the loan
Registration, dealer charges, insurance, fuel, maintenance, repairs and parking are not included, and an actual lender may offer a different rate, term or approved amount. A trade can also carry negative equity that reduces purchasing power. Use this as an early scenario, then compare written out-the-door quotes and financing disclosures while keeping a separate ownership-cost reserve.
Frequently asked questions
How is the vehicle price estimated?
The payment is converted to a fixed-rate loan balance, then down payment is added and entered sales tax is removed.
Are insurance and maintenance included?
No. They must fit separately within the full transportation budget.
Does this guarantee loan approval?
No. It is a scenario and does not apply lender underwriting rules.