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.)

 
   
   
Maritime CFP Financial Planner & Advisor, Asset Management, Investment Management, 72t, specializing in 401k retirement plans Mark Engberg CFP Salisbury, MD
318 East Main Street • Salisbury, MD • 21801
Phone: 410-546-0911 • Fax: 410-543-2759
• info@cfs-retirement.com