Equipment Financing Payment Estimator

If you borrow to buy equipment, this works out your monthly loan payment and what the financing costs you overall. It amortizes the loan (spreads principal and interest across every month), then shows total interest and a rough tax saving on that interest. This is for a financed purchase — if you are weighing loan-vs-lease, use the Lease vs. Buy tool.

When you have already decided to buy and want to see the monthly payment and the true cost of the loan at a given rate, term, and down payment. Crop-agnostic. Reach for it when budgeting cash flow or comparing financing offers.

Monthly Payment is your fixed installment. Total Interest Paid is the premium you pay for financing rather than paying cash — a longer term lowers the monthly payment but raises this number, so try a few terms. Tax Savings applies your tax rate to the interest only (loan principal is not deductible), and Net Cost After Tax is the bottom line. Note this ignores depreciation deductions like Section 179 / MACRS, which can matter a lot — treat the tax figure as partial and confirm with an accountant.