Online calculator to work out finance repayments

[Grower Tesque]

Don’t want to keep ringing my broker to ask for a quote when considering machine(s)
Is there a method, or online calculator to work out monthly payments for financed machinery.
I’ve tried amortisation tables but they don’t seem to tally up

 

[Danllan]

Are you related to @Goweresque?

 

[Goweresque]

Are you related to @Goweresque?

Nope!

 

[Grower Tesque]

Don’t think so,
I’ve been a member since 2013 and 1st time someone has made that comment

 

[upnortheast]

Rough guide. Divide capital by number of years . Calculate 5% of total. Add those 2 together divide by 12 gives monthly repayment. So 10k over 5 years is 2500 a year or 210 a month. Arrangement fees and possible final payments to consider

 

[North East Crofter]

Page 494 of the link below

https://www.fas.scot/downloads/farm-management-handbook-2019-20/

 

[Bramble]

Look up Amortisation calculator online

 

[jerseydan]

Www.jamesstill.co.uk has an app that calculates it all for you. Just input the amount , time period and interest rate. The app is called mortgage calculator.

 

[ARW]

Just divide the capital by the months your going to borrow then it doesn’t sound as bad

 

[Farmer Roy]

Err, just about every bank & finance institution here has one on the

 

[Danllan]

Are you related to @Goweresque?

Nope!

Don’t think so,
I’ve been a member since 2013 and 1st time someone has made that comment

Fair enough, but your names seemed so close that a coincidence was not necessarily the best explanation.

 

[robin banks]

On Google play store look up 'simple loan calculator' easy to use app. Put in years amount and interest rate.