Car Affordability Calculator — Max Price From Your Payment
Work backward from a monthly payment budget to the maximum loan amount and vehicle price you can afford at your APR and term.
Payment budget
Max vehicle price
$25,650.26
Max loan $22,650.26 · $450.00/mo for 60 months
Total interest
$4,349.74
Total paid
$27,000.00
Planning estimate only. Lenders may count insurance, taxes, and fees separately — not loan approval. Check your lender's quote before financing a vehicle.
How this is calculated
We invert the standard PMT formula: given a target monthly payment, APR, and term, we solve for the maximum principal you can afford, then add your down payment for vehicle price.
Max loan from payment
P = M · [ (1+r)ⁿ − 1 ] / [ r(1+r)ⁿ ]M = monthly payment, r = APR / 12, n = term in months. Max vehicle price = P + down payment.
Federal Reserve G.19 · Our methodology →
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Common questions
Leave room for insurance, maintenance, and emergencies. This tool models principal and interest only.