Construction Equipment Loan Calculator

Inputs

Results update as you type.

Machine
Loan
Payments 60,113.85Payments 60,113.8550000Amount financed: 5000010114Interest: 10114myconstructioncalculator.com
Diagram updates as you type.

Results

Check the working before you order.

Monthly payment
1,001.90
Amount financed50,000.00
Total interest10,113.85
Total of all payments60,113.85
Total cost of the machine (payments + down + trade-in)70,113.85
Price This optional: add your own prices

Your prices are remembered on this device only.

Working
  1. Amount financed = price 60,000.00 + tax 0.00 − down 10,000.00 − trade-in 0.00 = 50,000.00
  2. Payment = P × r ÷ (1 − (1 + r)^−n), r = 7.500% ÷ 12, n = 60: 1,001.90 a month
  3. Interest = 1,001.90 × 60 − 50,000.00 = 10,113.85

Results are estimates for planning and material ordering only. They are not a substitute for structural design or approval by a qualified engineer. Read the full disclaimer.

Construction Equipment Loan Calculator byMy Construction Calculator: free construction calculators with the working shown.