FINANCING
Equipment financing calculator
Estimate equipment loan payments, interest, and a final balloon payment before comparing quotes.
Your scenario
All amounts are in US dollars. Start with the example, then enter your numbers. Results update as you type.
Calculation inputs stay in this page’s memory and are not submitted as a lead. Requesting contact is a separate step.
ILLUSTRATIVE EXAMPLE
See what the numbers say.
- Regular monthly payment
- $1,584.10
- Amount financed
- $80,000.00
- Total interest
- $15,045.75
- Payoff in months
- 60
- Interest saved by extra payments
- $0.00
Estimates, not quotes, approvals, appraisals or guaranteed returns.
View monthly repayment schedule
| Month | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
| 1 | 1,584.10 | 466.67 | 1,117.43 | 78,882.57 |
| 2 | 1,584.10 | 460.15 | 1,123.95 | 77,758.62 |
| 3 | 1,584.10 | 453.59 | 1,130.50 | 76,628.12 |
| 4 | 1,584.10 | 447.00 | 1,137.10 | 75,491.02 |
| 5 | 1,584.10 | 440.36 | 1,143.73 | 74,347.29 |
| 6 | 1,584.10 | 433.69 | 1,150.40 | 73,196.89 |
| 7 | 1,584.10 | 426.98 | 1,157.11 | 72,039.77 |
| 8 | 1,584.10 | 420.23 | 1,163.86 | 70,875.91 |
| 9 | 1,584.10 | 413.44 | 1,170.65 | 69,705.25 |
| 10 | 1,584.10 | 406.61 | 1,177.48 | 68,527.77 |
| 11 | 1,584.10 | 399.75 | 1,184.35 | 67,343.42 |
| 12 | 1,584.10 | 392.84 | 1,191.26 | 66,152.16 |
| 13 | 1,584.10 | 385.89 | 1,198.21 | 64,953.95 |
| 14 | 1,584.10 | 378.90 | 1,205.20 | 63,748.76 |
| 15 | 1,584.10 | 371.87 | 1,212.23 | 62,536.53 |
| 16 | 1,584.10 | 364.80 | 1,219.30 | 61,317.23 |
| 17 | 1,584.10 | 357.68 | 1,226.41 | 60,090.82 |
| 18 | 1,584.10 | 350.53 | 1,233.57 | 58,857.25 |
| 19 | 1,584.10 | 343.33 | 1,240.76 | 57,616.49 |
| 20 | 1,584.10 | 336.10 | 1,248.00 | 56,368.49 |
| 21 | 1,584.10 | 328.82 | 1,255.28 | 55,113.21 |
| 22 | 1,584.10 | 321.49 | 1,262.60 | 53,850.61 |
| 23 | 1,584.10 | 314.13 | 1,269.97 | 52,580.64 |
| 24 | 1,584.10 | 306.72 | 1,277.38 | 51,303.27 |
| 25 | 1,584.10 | 299.27 | 1,284.83 | 50,018.44 |
| 26 | 1,584.10 | 291.77 | 1,292.32 | 48,726.12 |
| 27 | 1,584.10 | 284.24 | 1,299.86 | 47,426.26 |
| 28 | 1,584.10 | 276.65 | 1,307.44 | 46,118.81 |
| 29 | 1,584.10 | 269.03 | 1,315.07 | 44,803.74 |
| 30 | 1,584.10 | 261.36 | 1,322.74 | 43,481.00 |
| 31 | 1,584.10 | 253.64 | 1,330.46 | 42,150.55 |
| 32 | 1,584.10 | 245.88 | 1,338.22 | 40,812.33 |
| 33 | 1,584.10 | 238.07 | 1,346.02 | 39,466.31 |
| 34 | 1,584.10 | 230.22 | 1,353.88 | 38,112.43 |
| 35 | 1,584.10 | 222.32 | 1,361.77 | 36,750.66 |
| 36 | 1,584.10 | 214.38 | 1,369.72 | 35,380.94 |
| 37 | 1,584.10 | 206.39 | 1,377.71 | 34,003.23 |
| 38 | 1,584.10 | 198.35 | 1,385.74 | 32,617.49 |
| 39 | 1,584.10 | 190.27 | 1,393.83 | 31,223.66 |
| 40 | 1,584.10 | 182.14 | 1,401.96 | 29,821.70 |
| 41 | 1,584.10 | 173.96 | 1,410.14 | 28,411.57 |
| 42 | 1,584.10 | 165.73 | 1,418.36 | 26,993.21 |
| 43 | 1,584.10 | 157.46 | 1,426.64 | 25,566.57 |
| 44 | 1,584.10 | 149.14 | 1,434.96 | 24,131.61 |
| 45 | 1,584.10 | 140.77 | 1,443.33 | 22,688.28 |
| 46 | 1,584.10 | 132.35 | 1,451.75 | 21,236.54 |
| 47 | 1,584.10 | 123.88 | 1,460.22 | 19,776.32 |
| 48 | 1,584.10 | 115.36 | 1,468.73 | 18,307.59 |
| 49 | 1,584.10 | 106.79 | 1,477.30 | 16,830.28 |
| 50 | 1,584.10 | 98.18 | 1,485.92 | 15,344.37 |
| 51 | 1,584.10 | 89.51 | 1,494.59 | 13,849.78 |
| 52 | 1,584.10 | 80.79 | 1,503.31 | 12,346.47 |
| 53 | 1,584.10 | 72.02 | 1,512.07 | 10,834.40 |
| 54 | 1,584.10 | 63.20 | 1,520.90 | 9,313.50 |
| 55 | 1,584.10 | 54.33 | 1,529.77 | 7,783.74 |
| 56 | 1,584.10 | 45.41 | 1,538.69 | 6,245.05 |
| 57 | 1,584.10 | 36.43 | 1,547.67 | 4,697.38 |
| 58 | 1,584.10 | 27.40 | 1,556.69 | 3,140.68 |
| 59 | 1,584.10 | 18.32 | 1,565.78 | 1,574.91 |
| 60 | 1,584.10 | 9.19 | 1,574.91 | 0.00 |
How this calculator works
Discount the balloon to present value, subtract it from financed principal, then calculate the regular monthly payment. The final payment clears all remaining principal plus interest.
Assumptions to check
- This models a loan, not a lease. Sales tax and fees are financed only if you enter them.
- A balloon reduces regular payments but leaves a larger final payment. Extra payments may clear it earlier. Tax deductions, residual-value risk and variable-rate changes are excluded.