Finance Tools
Farm Equipment Loan Calculator
Calculate farm equipment loan payments, total interest, payoff timeline, and compare scenarios (rate/term/down payment). Includes a quick affordability view using estimated monthly cash flow.
Estimate equipment financing costs with payment, total interest, and total cost. Use the scenario comparison to test different rate/term assumptions.
Sticker price or negotiated purchase price.
Upfront cash reduces principal and interest.
Origination/document fees rolled into the loan (if any).
Monthly payment
$2,313
Total interest
$42,267
Total paid
$194,267
Total cost (down payment + total paid)
$224,267
Use a conservative average. For seasonal farms, consider your weak months.
How it works
- Amount financed = price − down payment + financed fees
- Monthly payment is calculated using the standard amortization formula
- Total interest = total paid − amount financed
- Payment burden helps you gauge risk using estimated monthly cash flow
FAQ
Why include “fees financed”?
Many equipment deals roll fees into the loan. It increases principal and interest cost.
Should I always choose the shortest term?
Not always—shorter terms reduce interest but can stress cash flow during weak seasons.
How to use this farm equipment loan calculator
- Enter equipment price, down payment, and loan term.
- Enter interest rate (APR) and any fees you expect to finance.
- Review monthly payment, total interest, and total cost.
- Use scenario comparison to test different rates/terms.
- Optional: enter estimated monthly operating cash flow to see payment burden.
Example
Example equipment loan estimate:
- Equipment price: $180,000, down payment: $30,000
- APR: 7.25%, term: 7 years, fees financed: $2,000
- Outputs: monthly payment, total interest, total cost, scenario comparison
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