Finance Tools

Farm Loan Amortization Calculator

Calculate a detailed amortization schedule for a farm loan, including monthly payment breakdown, total interest, and remaining balance over time.

This farm loan amortization calculator shows how each payment is split between principal and interest over time. It helps farm owners understand long-term borrowing costs and cash flow impact.

Loan amount

Total farm loan principal

Annual interest rate (APR %)

Fixed annual interest rate

Loan term (years)

Total repayment period

How this calculator works

Monthly interest rate = APR ÷ 12
Total payments = loan term × 12 months
Each payment is split between interest and principal
Interest decreases over time as the balance is reduced

Assumptions & notes

Fixed interest rate (not variable)
Principal + interest only
Does not include taxes, insurance, or fees
Actual lender terms may differ

Frequently asked questions

Why is more interest paid early in the loan?
Interest is calculated on the remaining balance, which is highest at the beginning of the loan.

Can this be used for USDA or FSA farm loans?
Yes. The amortization math is the same, though rates and terms may vary.

Does making extra payments reduce interest?
Yes. Extra principal payments reduce the balance and total interest.

How to use this farm loan amortization calculator

Enter the farm loan amount.
Enter the annual interest rate (APR).
Enter the loan term in years.
Click calculate to view the amortization schedule and interest breakdown.

Example

For a farm loan of $200,000 at 5.5% APR over 20 years, this calculator shows:

Monthly payment amount.
How much of each payment goes to interest vs principal.
Remaining loan balance after each year.
Total interest paid over the full term.

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