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.)

 
   
   
Robert Chamberlain, CFP
9401 McKnight Road
Suite 306		 • Pittsburgh, PA • 15237
Phone: (412) 635-2400 • toll free (855) 635-2500 • Fax: (412) 635-2401
• robert.chamberlain@LPL.com

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