Car Affordability Calculator
Total Loan & Interest Paid
By increasing the monthly payment you are willing to make and keeping the loan term the same, you can afford a more expensive car. However, when deciding how much you can actually pay monthly on your car loan, make sure you think about your other expenses as well.
|Loan Comparison||Original Monthly Payment||New Monthly Payment|
|Desired Monthly Payment||$500||$550|
|Car Price You Can Afford||$30,000||$31,800|