A tablet on a desk overlooking cattle in a paddock
Handy tools

Loan repayment calculator

Weighing up finance for a header, a ute or more land? See the repayments, the total interest and what paying a little extra would save - from your own numbers.

The loan amount, after any deposit or trade-in.

The rate from your own quote or the one you want to test.

How long the loan runs, e.g. 5. Half years work too.

The yearly rate is split evenly across the payments.

Optional lump sum left to pay at the end. 0 for none.

Optional: paying a bit more each time. 0 to skip.

Your repayments would be about

$2,970.18a month
$28,211total interest
$178,211total paid

Add an extra amount each payment to see the interest it saves.

Principal and interest paid in each year of the loan

12345
Number of payments
60 over 5 years
Balloon at the end
None
Interest in the first year
$9,677
Interest as % of the amount
18.8%
Link to these numbers

How we work it out

  • Repayment: the standard loan formula with your yearly rate split evenly across the payments (e.g. ÷ 12 for monthly). A balloon is left to pay in one lump at the end, so the regular payments are lower.
  • Year by year: each payment covers that period’s interest first; the rest pays down the loan. Early years are mostly interest, later years mostly principal.
  • Extra repayments: paying more each time lowers the balance faster, so less interest builds up. Check your loan allows extra payments without a fee.

This is arithmetic on your own numbers - not a quote, an offer, an approval or financial advice. Real loans can have fees, a different way of charging interest, seasonal or interest-only periods, and GST or tax effects. Ask your lender for a written quote and talk to your accountant. REALM does not lend money. Nothing you type is stored or sent anywhere.

Ready to talk finance?

Our sister brand Pay In Time Finance takes applications online for machinery, equipment, land and working capital.

Apply with Pay In Time Finance Own or hire? Machinery cost