Equipment Loan Calculator
Calculate your monthly payment and total cost for equipment financing. Includes a full amortization schedule so you can see exactly how each payment is applied.
Loan Details
Enter your loan details and click Calculate to see your payment and amortization schedule.
How Equipment Loan Payments Are Calculated
Equipment loans use standard amortization, where each monthly payment covers both interest and principal. Early payments are interest-heavy; later payments pay down more principal.
Principal = Loan Amount − Down Payment
Monthly Rate = APR ÷ 12 ÷ 100
Payment = Principal × Rate ÷ (1 − (1 + Rate)^(−Term))
When to use this calculator: Use it when you are financing equipment outright and want to own it at the end of the term. Compare different term lengths and down payment amounts to find the right balance between monthly cash flow and total interest paid.