Farm loan payment and amortization calculator

Use the calculator to test a repayment scenario

A farm loan calculator turns a borrowing amount, interest rate and repayment term into an estimate of regular installments. Enter the proposed financed amount and the rate applicable to that product, then compare the result with the farm’s expected cash generation. FSA publishes dated rates for its direct lending categories; a commercial or guaranteed loan may use different pricing. The estimate is a planning aid and does not establish eligibility, a lender commitment or the amount that will be approved.

Recognize what a regular-payment estimate leaves out

Standard amortization assumes regular payments and a consistent rate over the calculation period. Seasonal schedules, variable-rate changes, interest-only stages and balloon maturities need additional review against the actual contract. Fees, insurance and closing expenses must be included separately unless they have been added to the financed balance. Farm Credit East’s operating-loan information provides a lender reference for discussing production-cycle borrowing. Test a larger payment or weaker farm receipts as well as the initial scenario, and obtain a written repayment schedule before relying on the result for a purchase decision.