Aircraft Loan Calculator.
Free aircraft loan calculator: estimate your monthly payment, total interest and balloon for any aircraft price, down payment, rate and term, with a balance chart.
Estimates only, before tax, insurance and maintenance. Real terms depend on the aircraft, operator and lender.
Start a deal fileHow this calculator works
The calculator subtracts your down payment from the price to get the amount financed, then uses the standard amortization formula to find the monthly payment that pays the loan down to the balloon amount by the end of the term. Total interest is everything you pay, including the balloon, minus the amount financed.
Frequently asked questions
What interest rate should I use?
Use a rate you have been quoted, or a range to see how sensitive the payment is. Aircraft rates vary with aircraft type and age, borrower strength, term and market conditions.
What does a balloon do?
A balloon leaves part of the balance due at the end, which lowers the monthly payment but means a lump sum later, usually paid by selling or refinancing.
Does this include taxes and insurance?
No. It covers principal and interest only. Insurance, maintenance, hangar and taxes are separate.