Finance Tools

Agricultural Equipment Loan Calculator

Calculate monthly payments, total interest, and total cost for an agricultural equipment loan based on loan amount, APR, and term.

This agricultural equipment loan calculator estimates monthly payments and total interest for financing farm machinery. Use it to compare lender offers or decide between different equipment price points.

Loan term
Equipment loans are commonly 36–84 months, but longer terms exist.

Estimated monthly payment: —

Total interest paid: —

Total loan cost: —

Tip: Use the same term when comparing offers. A lower APR can reduce total interest significantly.

How this calculator works

  • Monthly rate = APR ÷ 12
  • Number of payments = term in months
  • Total interest = total paid − principal

Frequently asked questions

Does this include down payment or trade-in?
No. Enter the amount you are financing after any down payment or trade-in.

Is this accurate for balloon loans?
No. Balloon loans need different math because a large balance remains at the end.

How to use this agricultural equipment loan calculator

  1. Enter the equipment price or loan amount.
  2. Enter the annual interest rate (APR).
  3. Enter the loan term in months or years.
  4. Calculate to see monthly payment and total interest.

Example

Estimating financing for a new piece of farm machinery:

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