Farm Loan Calculator
Updated: Feb 7
Considering buy a new farm, acquiring additional land, investing in new machinery or changing operational practices? Many times growing your business requires investment into resources or people. Those investments can often feel overwhelming. Can I replay this loan?Can I afford the monthly payments? What kind of collateral do i need?
Taking out a new loan or line of credit for your business can be a big decision and figuring out the payment amounts can often feel complicated and overwhelming. Buying a farm or home is the often the largest purchase most people make in their lifetime, so you should always think carefully and plan you’re going to finance it and if you can afford it.
Thinking about a farm loan and wondering what your payments might look like? The farm loan calculator will help estimate your monthly principle and interest payments. Just enter your loan details below to find out about what your interest and total payments might look like.
Payment amounts and interest will vary from the estimates above, but hopefully this tool helps give you an idea to get you starter. Not, once you've figured out how much you can afford you'll want to find a lender to help finance your next purchase. Checkout some other creative ideas to find a farm loan and other creative financing ideas for your ag business.