Equipment Loan Calculator
Estimate an equipment financing payment and total of payments.
What Does the Equipment Loan Calculator Do?
The Equipment Loan Calculator estimates the monthly payment, the annual debt service and the total of all payments for financing a piece of equipment over a stated number of months, at your rate and at a rate 10% lower and 10% higher.
Equipment Loan Calculator
Three-Scenario ComparisonNo partner account is needed to use this calculator. Add a name only if a banker, CPA or advisor referred you.
Have CMCC Review sends your contact details, any referring partner and this scenario to CMCC so a person can follow up. Please do not enter Social Security numbers, bank logins or other sensitive information.
Scenario Comparison
Illustrative estimate only. The Chris Mafera Capital Corp. is a commercial financing advisory and brokerage firm, not a direct lender. This is not a financing offer, approval, or commitment.
Inputs, Results and Assumptions
What You Enter
- Equipment amount: the amount to be financed.
- Interest rate %: the annual rate to model.
- Term months: the repayment period in months.
What the Results Show
- Monthly payment: principal and interest.
- Annual debt service: twelve monthly payments.
- Total of payments: payment times the number of months, which includes the interest.
Assumptions and Limits
- Fixed rate, level monthly payments, no down payment, fees, taxes or end-of-term purchase option.
- Collateral, useful life and the type of equipment affect real terms and are not modeled.
- The three scenarios use your entered rate, a rate 10% lower and a rate 10% higher (for example, 8.25% becomes about 7.43% and 9.08%).
The numbers pre-filled in the fields are sample values so the tool shows a result on first load. They are not CMCC rates, quotes or offers.
Equipment Loan Calculator FAQs
How can a business obtain equipment financing?
A business typically selects the equipment, gathers financials and the vendor quote or invoice, and applies through a funding source that finances equipment. CMCC helps structure the request and present it to independent funding providers; see equipment financing and leasing.
Is the total of payments the true cost?
It is the principal plus interest under the stated assumptions. Fees, taxes, insurance and any down payment would change the real cost.
Should I compare leasing?
Many businesses compare a loan with a lease. The Lease vs. Buy calculator puts the two side by side on the same equipment.
Related Guides, Tools and Industries
Related services, guides and calculators
Want a person to look at this scenario?
Have CMCC Review carries your inputs and results into the application. CMCC is a commercial finance advisory and brokerage firm, not a direct lender; independent funding providers make their own credit decisions.