Commercial equipment

Equipment loan payment

Build a fixed-rate equipment loan amortization schedule.

Model 1.0.0Reviewed 2026-10-28Free · No account needed

Your inputs

Currency

Complete only the fields for your selected method. Use one consistent job or reporting period. Zero means intentionally zero, not unknown. Missing costs and market rates are not added automatically. Currency selection labels amounts; it does not convert exchange rates.

Methods, assumptions and worked example

How this calculation works

payment=P*i/(1-(1+i)^(-n)); i=annual nominal rate/12.

Fixed nominal annual interest divided by twelve. Equal month-end payments; zero interest handled explicitly. No loan qualification, fees or tax effects.

What information do I need?

Use records for the same job, equipment or accounting period. Only the fields for your selected entry method are required. An unknown amount is not zero.

Input definitions and where to find them

Loan principal (selected currency): Loan principal from financing quote, not automatically full equipment price.
Nominal annual interest rate (%): Fixed nominal annual interest rate from quote, not fee-inclusive APR.
Loan term (months): Actual time from logs/calendar/statement, or an explicitly labeled future schedule. Keep the period in loan term consistent with all matching costs/outputs.

Use the Where to find this value controls beside the inputs for available work-it-out helpers. Estimates remain your assumptions; a helper does not verify the source figures.

Worked example

Example amounts use US dollars (USD).

Example answer: Monthly payment is $966.64 for the illustrative inputs below.

Example inputs

Loan principal: $50,000.00
Nominal annual interest rate: 6.00 %
Loan term: 60 months

Monthly payment: $966.64
Total interest: $7,998.40
Total scheduled payments: $57,998.40

Final payment capped to remaining principal plus interest; schedule uses unrounded internal values.

Loan balance over time

Modeled values, not a forecast guarantee. Lines join sampled points; see the table for exact samples.

View chart values

Loan balance over time — USD
Payment month	Series	Value (USD)
0	Remaining balance	50,000
1	Remaining balance	49,283.35992
2	Remaining balance	48,563.13665
3	Remaining balance	47,839.31225
4	Remaining balance	47,111.86874
5	Remaining balance	46,380.78801
6	Remaining balance	45,646.05187
7	Remaining balance	44,907.64205
8	Remaining balance	44,165.54019
9	Remaining balance	43,419.72781
10	Remaining balance	42,670.18637
11	Remaining balance	41,916.89723
12	Remaining balance	41,159.84164
13	Remaining balance	40,399.00077
14	Remaining balance	39,634.3557
15	Remaining balance	38,865.8874
16	Remaining balance	38,093.57676
17	Remaining balance	37,317.40457
18	Remaining balance	36,537.35151
19	Remaining balance	35,753.39819
20	Remaining balance	34,965.52511
21	Remaining balance	34,173.71266
22	Remaining balance	33,377.94114
23	Remaining balance	32,578.19077
24	Remaining balance	31,774.44165
25	Remaining balance	30,966.67378
26	Remaining balance	30,154.86708
27	Remaining balance	29,339.00133
28	Remaining balance	28,519.05626
29	Remaining balance	27,695.01147
30	Remaining balance	26,866.84645
31	Remaining balance	26,034.54061
32	Remaining balance	25,198.07323
33	Remaining balance	24,357.42352
34	Remaining balance	23,512.57056
35	Remaining balance	22,663.49334
36	Remaining balance	21,810.17073
37	Remaining balance	20,952.58151
38	Remaining balance	20,090.70434
39	Remaining balance	19,224.51778
40	Remaining balance	18,354.0003
41	Remaining balance	17,479.13022
42	Remaining balance	16,599.8858
43	Remaining balance	15,716.24515
44	Remaining balance	14,828.1863
45	Remaining balance	13,935.68715
46	Remaining balance	13,038.72551
47	Remaining balance	12,137.27906
48	Remaining balance	11,231.32538
49	Remaining balance	10,320.84193
50	Remaining balance	9,405.806065
51	Remaining balance	8,486.195019
52	Remaining balance	7,561.985918
53	Remaining balance	6,633.155771
54	Remaining balance	5,699.681473
55	Remaining balance	4,761.539804
56	Remaining balance	3,818.707427
57	Remaining balance	2,871.160887
58	Remaining balance	1,918.876615
59	Remaining balance	961.8309219
60	Remaining balance	0

Principal and interest over modeled payments

Principal and interest are separate components. Entered fees may be reported separately.

View chart values

Principal and interest over modeled payments — USD
Category	Value (USD)
Principal repaid	50,000
Interest paid	7,998.404588

These illustrative values are not recommended rates or industry averages. Replace every example input with your own figures.

Use the result well

Build a fixed-rate equipment loan amortization schedule.

Keep inputs on the same scope and time basis. Calculations retain precision internally; displayed values generally round to two decimal places, with extra precision for very small values and whole-unit rounding where required. Economic comparisons describe your supplied assumptions and do not guarantee future results.

This tool provides business arithmetic. It does not approve engineering designs, establish legal or tax treatment, select equipment or certify safe operating conditions.

Method and sources

The page combines the stated arithmetic with the component methods below. Source support is described individually; a citation is not professional validation of a particular scenario.

OpenStax Finance 2e Loan AmortizationSection8.3 Calculating Loan Payments; equation8.31; monthly adjustments · equation verifiedFixed rate,endmonth,no fees/escrow/daily interest/penalties. Declare full precision versus display rounding and final-payment clipping. No lender quote.
BusCalc original accounting and dimensional derivationsEach model governing equation and input/output contract · original derivationAll costs/rates owner supplied. Family citations do not certify a full application. Each model needs independent normal/second cases,boundaries,unit equivalence and invariant.

Sources accessed 2026-10-28. Read our methodology.