01
Speed
One number, fast.
Price, down payment, rate, term. That is all it takes to see an estimated monthly payment — useful when you are standing at an auction or comparing listings.
Apply for financingPayment calculator
What is the payment on this equipment?
This loan payment calculator uses four inputs. Enter the equipment price, your down payment, an estimated rate, and the term to get a monthly payment estimate.
Estimated monthly payment
$1,622/mo
Amount financed$76,500
Total interest$20,798
Total of payments$97,298
Term60 months
Estimates are for informational purposes only. Actual rates, terms and payments depend on lender approval and applicant qualifications.
Amortization schedule
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $1,622 | $991 | $631 | $75,509 |
| 2 | $1,622 | $999 | $623 | $74,511 |
| 3 | $1,622 | $1,007 | $615 | $73,504 |
| 4 | $1,622 | $1,015 | $606 | $72,489 |
| 5 | $1,622 | $1,024 | $598 | $71,465 |
| 6 | $1,622 | $1,032 | $590 | $70,433 |
| 7 | $1,622 | $1,041 | $581 | $69,392 |
| 8 | $1,622 | $1,049 | $572 | $68,343 |
| 9 | $1,622 | $1,058 | $564 | $67,285 |
| 10 | $1,622 | $1,067 | $555 | $66,219 |
| 11 | $1,622 | $1,075 | $546 | $65,144 |
| 12 | $1,622 | $1,084 | $537 | $64,059 |
| 13 | $1,622 | $1,093 | $528 | $62,966 |
| 14 | $1,622 | $1,102 | $519 | $61,864 |
| 15 | $1,622 | $1,111 | $510 | $60,753 |
| 16 | $1,622 | $1,120 | $501 | $59,632 |
| 17 | $1,622 | $1,130 | $492 | $58,503 |
| 18 | $1,622 | $1,139 | $483 | $57,364 |
| 19 | $1,622 | $1,148 | $473 | $56,215 |
| 20 | $1,622 | $1,158 | $464 | $55,057 |
| 21 | $1,622 | $1,167 | $454 | $53,890 |
| 22 | $1,622 | $1,177 | $445 | $52,713 |
| 23 | $1,622 | $1,187 | $435 | $51,526 |
| 24 | $1,622 | $1,197 | $425 | $50,330 |
| 25 | $1,622 | $1,206 | $415 | $49,123 |
| 26 | $1,622 | $1,216 | $405 | $47,907 |
| 27 | $1,622 | $1,226 | $395 | $46,680 |
| 28 | $1,622 | $1,237 | $385 | $45,444 |
| 29 | $1,622 | $1,247 | $375 | $44,197 |
| 30 | $1,622 | $1,257 | $365 | $42,940 |
| 31 | $1,622 | $1,267 | $354 | $41,673 |
| 32 | $1,622 | $1,278 | $344 | $40,395 |
| 33 | $1,622 | $1,288 | $333 | $39,107 |
| 34 | $1,622 | $1,299 | $323 | $37,808 |
| 35 | $1,622 | $1,310 | $312 | $36,498 |
| 36 | $1,622 | $1,321 | $301 | $35,177 |
| 37 | $1,622 | $1,331 | $290 | $33,846 |
| 38 | $1,622 | $1,342 | $279 | $32,503 |
| 39 | $1,622 | $1,353 | $268 | $31,150 |
| 40 | $1,622 | $1,365 | $257 | $29,785 |
| 41 | $1,622 | $1,376 | $246 | $28,409 |
| 42 | $1,622 | $1,387 | $234 | $27,022 |
| 43 | $1,622 | $1,399 | $223 | $25,623 |
| 44 | $1,622 | $1,410 | $211 | $24,213 |
| 45 | $1,622 | $1,422 | $200 | $22,791 |
| 46 | $1,622 | $1,434 | $188 | $21,358 |
| 47 | $1,622 | $1,445 | $176 | $19,912 |
| 48 | $1,622 | $1,457 | $164 | $18,455 |
| 49 | $1,622 | $1,469 | $152 | $16,986 |
| 50 | $1,622 | $1,482 | $140 | $15,504 |
| 51 | $1,622 | $1,494 | $128 | $14,010 |
| 52 | $1,622 | $1,506 | $116 | $12,504 |
| 53 | $1,622 | $1,518 | $103 | $10,986 |
| 54 | $1,622 | $1,531 | $91 | $9,455 |
| 55 | $1,622 | $1,544 | $78 | $7,911 |
| 56 | $1,622 | $1,556 | $65 | $6,355 |
| 57 | $1,622 | $1,569 | $52 | $4,786 |
| 58 | $1,622 | $1,582 | $39 | $3,203 |
| 59 | $1,622 | $1,595 | $26 | $1,608 |
| 60 | $1,621 | $1,608 | $13 | $0 |
How it works
The fastest way to price a payment.
This tool answers one question quickly: what will the payment be? The monthly figure is driven by how much you finance after the down payment, the rate you assume, and how many months you spread it over. Need more detail? Expand the amortization schedule under the result, or use the full financing calculator for scenario comparisons.
02
Down payment
Cash up front.
Enter the down payment as a dollar amount or a percentage; the two fields stay in sync. More money down means a smaller financed amount and a lower payment.
03
Term
Time changes everything.
A 36-month term can cost far less in total interest than 72 months, but the payment is higher. Toggle the term to feel the trade-off between monthly cash flow and total cost.
04
Detail
More when you need it.
The headline result is the monthly payment. Total interest, total of payments and the full amortization schedule are right there when you want the deeper numbers.
Important questions
Know what to expect.
How do I estimate an equipment payment?+
Enter the equipment price, subtract your down payment, choose an estimated interest rate and a term. The calculator returns the estimated monthly payment instantly.
What is a good down payment for equipment financing?+
Many equipment deals land somewhere around 10 to 20 percent down, but it varies by provider, credit and equipment type. Try a few down-payment amounts to see how the payment responds.
Is this payment estimate accurate?+
The math is exact for the numbers you enter, but the rate and terms are assumptions. Actual payments depend on the financing provider’s approval of your application.
What term lengths are common for equipment financing?+
Terms often run 24 to 84 months depending on the equipment and provider. Longer terms lower the payment but increase total interest paid.
Financing built into the sale