Free calculator
Equipment Financing Calculator
To estimate an equipment financing payment, subtract your down payment from the equipment cost and amortize the remaining balance over the term at the quoted rate. A $120,000 truck with 10% down at 9% APR over 60 months is about $2,240 per month (estimate).
Last updated October 23, 2026
Estimated results
- Monthly payment
- $2,242
- Total interest
- $26,514
- Amount financed
- $108,000
- Total paid
- $134,514
Estimates for education only — not an offer. Actual terms are set by providers.
Get real offers with these numbersHow to use this calculator
- Enter equipment cost
- Enter down payment
- Enter APR and term
- Review payment
How it works
Financed amount = cost − down payment. We apply the standard amortization formula to the financed amount.
Frequently asked questions
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Written by
BusinessFundingQuote Editorial Team
Small business finance writers
Reviewed by
Funding Review Desk
Reviewed for accuracy against current market practices
Rates and ranges on this page are typical market estimates for educational purposes, not offers. How we make money.