Calculate Loan Payments NOTE: Do not insert "comas" etc when entering dollar amounts.   Use the calculator to the right to determine your monthly payment, based on amount financed, loan term and loan rate. Enter amount to finance, select a term from the drop down list, then choose a loan rate and click calculate. The estimated monthly payment will appear in the monthly payment box. Amount Term 24 Months 36 Months 48 Months 60 Months 66 Months 72 Months Rate % $/month: What Can I Afford To Borrow Lenders look at several factors when evaluating a loan application. Credit history, time on job, and time at current residence are often used as predictors of risk. Another important predictor is the percentage of income required to cover housing and fixed expenses. If the percentage is too high, you may be unable to qualify for a loan, or may be asked to pay a significantly higher interest rate. Monthly Income Rent/Mortgage Payment Other Fixed Expenses (e.g.- phone bill etc.) Loan Term 24 Months 36 Months 48 Months 60 Months 66 Months 72 Months Loan Rate % Estimated monthly payment: Estimated maximum loan amount: Note — If the estimated maximum loan amount is zero, you might want to postpone your car-buying decision until you can increase your income or reduce your monthly expenses. [ <<< go back | main index >>> ]