How the calculator works
Monthly Rate = Annual Rate / 12
Monthly Payment = Principal × r × (1 + r)^n / ((1 + r)^n - 1)
Total Interest = Total Paid - PrincipalFree business utility calculator
Loan Payment Calculator
Estimate monthly payment for equipment, vehicle, or working-capital loans before talking to a lender.
Tool & Tally calculators are for general business planning and estimating; they are not tax, legal, payroll, financial, or accounting advice. No guaranteed revenue, profit, leads, bookings, sales, rankings, or ROI.
Business utility
Enter your numbers.
Formula and assumptions
Common mistakes this catches
- Only checking whether the payment fits this month.
- Ignoring insurance, maintenance, taxes, fees, and down payment.
- Assuming the calculator matches lender terms exactly.