Three results come out of the calculator: one level payment per month, the term’s interest and a total cost that folds in the cash put down. Enter the term in months. Fees, tax, insurance and lease buyouts are not in it, so an offer can cost more than the result.
Equipment loan calculator inputs for a Brownwood, TX gas station’s roller grills and reach-in coolers
Four entries drive the calculator on this page: what the machine costs, any cash put down, the yearly rate and how many months the payments run. What it hands back is a monthly payment estimate, the term’s full interest, and one total that adds the cash put down to every payment.
- Price: the seller’s quote for the equipment, before tax and delivery
- Down payment: the cash the business plans to put in, or 0
- Rate (annual %): the rate printed on an offer, or a test rate to compare
- Term: the number of monthly payments, such as 48 or 60
Illustration only, invented figures, worked by hand: a store prices roller grills and two reach-in coolers at $11,850 and puts $1,850 down, so $10,000 is financed at a 12.2% annual rate over 36 months. That invented schedule asks $333.10 a month, or $11,991.60 over all 36 invented months.
The term box takes months. Typing 3 for three years instead of 36 makes the invented payment jump to $3,401.34, far too high, which is the sign to check that box first.
A down payment in the calculator: a Brownwood, TX sit-down restaurant’s POS terminals
Cash put down shrinks what gets financed, though the calculator still counts it in the total cost. A restaurant pricing new POS terminals can run the quote twice to see what cash up front changes.
| Down payment | Financed | Monthly payment | Interest |
|---|---|---|---|
| $0 | $8,640 | $412.39 | $1,257.36 |
| $1,500 | $7,140 | $340.79 | $1,038.96 |
In this invented case, putting $1,500 down cuts the payment by $71.60 a month and the interest by $218.40; the restaurant keeps less cash on hand in exchange. An offer for the terminals may name a down payment of its own, so running the second row before the call shows what that cash would change.
Equipment finance calculator test: a Brownwood, TX home builder’s backhoe at two terms
Brown County, TX had 18 residential building construction establishments with employees in 2023 (County Business Patterns, NAICS 2361), and a builder of that kind weighing a backhoe can try two terms on the same quote.
| Term | Monthly payment | Total of payments | Interest |
|---|---|---|---|
| 48 months | $1,585.91 | $76,123.68 | $14,123.68 |
| 72 months | $1,162.72 | $83,715.84 | $21,715.84 |
Stretching the invented term to 72 months brings the payment down $423.19 and puts $7,592.16 more interest on the backhoe. The totals here use the rounded payment, so the calculator’s own totals can differ by a few cents.
What the equipment financing calculator in Brownwood, TX leaves out
The arithmetic covers a level payment on the amount financed and nothing else. An offer can carry costs the calculator never sees:
| Item | Where it shows up |
|---|---|
| Origination or documentation fees | The offer’s fee list |
| Sales tax, insurance and delivery | The seller’s quote and the agreement |
| Lease buyouts and end-of-term amounts | The lease itself |
| Factor-based advances | The calculator on the merchant cash advance page |
Plants pricing larger machines use the same calculator. The block machine case on the equipment financing page also shows the balance still owed after two years of payments, a figure the calculator does not produce; the calculator gives the monthly payment and the totals for a quote of any size.
Nothing typed into the calculator is sent anywhere, and the result is not an offer. A funding partner sets the actual rate, term and fees after its own review, and the result here only frames the questions to ask on a call.
By Deltagrove Loans · Updated
