Car Affordability  
For many individuals, the price of car they can afford is a function of the amount of the monthly payment. You can use this calculator to determine how much you can afford to pay for a car based on your monthly payment amount, down payment, loan term, and available interest rate.
     

Payment
(How much do you want your monthly payment to be?)

$

Down Payment
(How much do you plan to put down on the car? This amount does not include insurance or fees for license and registration.)

$

Interest Rate
(Enter the interest rate that is currently available from your lender.)

%

Loan Term (months)
(Enter the number of months. For example, enter 60 months for a 5-year loan.)

 
   
   
RJS - Putting Together Your Financial Future - Northwest Chicago CPAs
1655 North Arlington Heights Road, Suite 306 West • Arlington Heights, IL • 60004
Phone: 847-670-5820 • Fax: 847-670-5821

jsimon@rjsimon.com (tax/accounting-related), jared.simon@genworthrr.com (investment-related)