Finance Tools

Farm Machinery Loan Calculator

Estimate monthly payment, total interest, and total cost for a farm machinery loan. Includes optional down payment to calculate the financed amount.

This farm machinery loan calculator estimates monthly payments and total interest for financing farm machines. Use the optional down payment field to calculate the amount you actually finance.

Loan term
Many machinery loans are 36–84 months, but terms vary by lender.

Financed amount: —

Estimated monthly payment: —

Total interest paid: —

Total loan cost: —

Tip: If you are comparing offers, keep the financed amount and term constant to isolate the effect of APR.

How this calculator works

  • Financed amount = price − down payment
  • Monthly rate = APR ÷ 12
  • Monthly payment uses amortization math (fixed rate)
  • Total interest = total paid − principal

Frequently asked questions

Does this include dealer fees or sales tax?
No. If you want to include those, add them to the price before calculating.

What if the loan has a balloon payment?
Balloon loans require different math because a large balance remains at the end.

How to use this farm machinery loan calculator

  1. Enter the machinery price (or total amount).
  2. Optionally enter a down payment to calculate financed amount.
  3. Enter APR and loan term (months or years).
  4. Calculate to see monthly payment and total interest.

Example

Financing a piece of farm machinery with a down payment:

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