Finance Tools

Farm Loan Interest Rate Comparison Calculator

Compare two farm loan interest rates side-by-side to see differences in monthly payment, total interest, and total repayment cost.

Compare two APR options for the same farm loan amount and term. This is a practical way to estimate how much a small interest rate difference costs over time (principal + interest only).

Loan amount

Total farm loan principal

Loan term (years)

Repayment period in years

Rate A (APR %)

Example: 5.5 means 5.5% APR

Rate B (APR %)

Example: 6.5 means 6.5% APR

How this calculator works

You keep loan amount and term the same
We calculate monthly payment using a standard amortization formula
Total interest = total paid − principal
The difference shows the cost impact of the higher APR

Assumptions & notes

Fixed APR (variable-rate loans will differ)
Principal + interest only (fees/taxes/insurance not included)
Results are estimates and may vary by lender rounding

Frequently asked questions

Does this work for USDA or FSA farm loans?
Yes. The math is the same. The difference is eligibility, fees, and program-specific terms.

What matters more: lower APR or shorter term?
Both reduce total interest. Shorter terms usually save more interest but increase monthly payment.

Why might two lenders quote the same APR but different payments?
Fees, compounding conventions, escrow, and rounding rules can cause differences. This tool compares principal + interest only.

How to use this farm loan interest rate comparison calculator

Enter the loan amount and term.
Enter Rate A (APR) and Rate B (APR).
Click compare to see monthly payment and total interest differences.

Example

If you borrow $200,000 for 20 years and compare 5.5% APR vs 6.5% APR, this tool shows:

Monthly payment for each rate.
Total interest for each rate.
How much more Rate B costs over the full term.

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