Equipment Loan Calculator
Finance business equipment purchases with predictable monthly payments. Equipment serves as collateral for competitive rates.
Show this tool on your website
Equipment Loan Details
Compare Loan Terms
Loan Summary
Monthly Payment
$1,384.87
5 years at 8.50% APR
Loan Details
Total Cost
First Year Payment Breakdown
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $906.74 | $478.13 | $66,593 |
| 2 | $913.16 | $471.7 | $65,680 |
| 3 | $919.63 | $465.23 | $64,760 |
| 4 | $926.15 | $458.72 | $63,834 |
| 5 | $932.71 | $452.16 | $62,902 |
| 6 | $939.31 | $445.55 | $61,962 |
| 7 | $945.97 | $438.9 | $61,016 |
| 8 | $952.67 | $432.2 | $60,064 |
| 9 | $959.41 | $425.45 | $59,104 |
| 10 | $966.21 | $418.66 | $58,138 |
| 11 | $973.05 | $411.81 | $57,165 |
| 12 | $979.95 | $404.92 | $56,185 |
Early payments are mostly interest. Principal portion increases over time.
Principal vs Interest Over Time
Term Comparison
Loan Balance Over Time
💡 Tips
- • Equipment itself serves as collateral
- • Section 179 tax deduction may apply
- • Consider useful life of equipment when choosing term
- • Rates typically lower than unsecured business loans
- • Can often finance 100% of equipment cost
⚠️ Important Considerations
- • Equipment depreciates faster than loan balance decreases
- • Early payoff may not be cost-effective
- • Equipment may become obsolete before loan ends
- • Maintenance and insurance costs are additional
Key Financial Terms
Understand the essential concepts behind this calculator
Frequently Asked Questions
Common questions about the Equipment Loan Calculator
Explore More Tools
Continue your financial journey with these related calculators
Margin & Markup Calculator
Calculate profit margins, markup percentages, and optimal selling prices for products and services. Free business profit calculator.
Break-Even Analysis Calculator
Calculate break-even point in units and revenue, analyze ROAS, CAC, and LTV for ad campaigns
Break-Even Calculator
Find your unit and revenue break-even point using contribution margin analysis and visualize margin of safety.
⚠️ Important Disclaimer
This Equipment Loan Calculator provides estimates for educational and informational purposes only. Actual results may vary significantly based on individual circumstances, market conditions, regulatory changes, and other factors beyond the scope of this calculator.
The calculations and projections provided are based on assumptions and historical data that may not reflect future performance.Past performance does not guarantee future results.
This tool is not financial advice, tax advice, legal advice, or investment advice. For personalized guidance tailored to your specific situation, please consult with qualified professionals including:
- Certified Financial Planner (CFP)
- Certified Public Accountant (CPA) for tax matters
- Licensed attorney for legal matters
- Registered Investment Advisor (RIA) for investment decisions
Data Accuracy: All data sources, statistics, and rates were verified as accurate as of October 2025. Tax rates, market conditions, and other financial data change over time. Always verify current rates and consult official sources.
No Warranties: While we strive for accuracy, we make no warranties or guarantees regarding the accuracy, completeness, or reliability of any information provided. Use this tool at your own risk.