Equipment financing calculator
Equipment loan payment calculator
Estimate the monthly payment on a CNC machine, press brake, forklift, or any other equipment. Enter the price, down payment, term, and an estimated rate. If a lender wants payments up front, add advance payments to see your true rate. Results are estimates, not a quote.
Frequently asked questions
How is an equipment loan payment calculated?
The calculator uses a standard amortized loan formula. It takes the amount financed (price minus down payment), the monthly rate (annual rate divided by 12), and the number of months, and finds the level monthly payment that pays the balance to zero by the end of the term.
What rate should I use in the equipment financing calculator?
The 7.5% default is only an example. Rates depend on credit strength and the financing product. For a real number, call Matt for a specific quote up front, before you fill out any application.
What are advance payments, and why does the true rate go up?
Some lenders quote a low rate but collect the first and last payment at signing. Payments are still figured on the full amount, but you get less cash to work with, so the real rate is higher. Set advance payments to 1 or 2 to see the true rate. Our quotes are true rates with no advance payments.
Does the calculator include taxes and fees?
No. It estimates principal and interest only. Sales tax, doc fees, and any other costs depend on the deal and your state.
Can I share my calculation?
Yes. The page address updates as you type, so you can copy the link and send it to a partner or your accountant.
Ready to talk about your next machine?
Fill out the one-page application or send us the quote you have. Credit decisions typically take 24 to 48 hours.