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.)

 
   
   
Masiello & Associates, Estate and Wealth Preservation Council, LLC
1081 Long Pond Rd., Ste. 140 • Rochester, NY • 14626
Phone: (585) 720-0590 • Fax: (585) 720-0592
• mike@masielloretirement.com kim@masielloretirement.com