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.)

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Tinker Federal Credit Union and TFCU Financial Advisors are independent of Raymond James Financial Services

 

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