Finance Tools

Farm Equipment Loan Interest Calculator

Calculate total interest paid and total loan cost for a farm equipment loan based on loan amount, APR, and term. Includes interest share and APR sensitivity.

This farm equipment loan interest calculator focuses on total interest cost—how much you pay in interest over the full loan term. It also shows monthly payment and how sensitive the loan cost is to APR changes.

Loan term
Typical equipment financing is often 36–84 months.

Total interest paid: —

Total paid (principal + interest): —

Estimated monthly payment: —

Interest share of total payments: —

Tip: Even a 0.5% APR difference can change total interest materially on multi-year equipment loans.

How this calculator works

  • Monthly rate = APR ÷ 12
  • Monthly payment uses fixed-rate amortization math
  • Total interest = total paid − principal

Frequently asked questions

Does this include fees or sales tax?
No. This is principal + interest only. If you want an all-in estimate, add expected fees/tax into the loan amount or use a financing calculator with fees.

What about balloon payments?
Balloon loans require different math because a balance remains at the end.

How to use this farm equipment loan interest calculator

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

Example

Estimating total interest on a farm equipment loan:

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