Price, optional cash down, a test rate and the months go in; the payment each month, the interest over the term and the all-in cost come out. Depreciation and year-by-year balances are worked by hand on this page with invented figures; the calculator does not compute them.
A coordinate measuring machine quote run through this payment calculator in Sidney, OH
For a CNC mill, a lathe or a press brake, enter the full quoted price, including the tooling package and freight if they are on the quote, then the cash the shop will put down, a rate to test and the term in months. The same steps work for inspection equipment bought alongside a machine.
Illustration only, invented figures. A Sidney, OH shop prices a coordinate measuring machine at an invented $74,300 and puts $7,400 down. Entered at 10.15% and 60 months in this invented case, the calculator shows a monthly payment of $1,426.37 and total interest of $18,682.20, and the invented total cost including the down payment is $92,982.20.
The rate is the input to test hardest. A funding partner sets the real one in any offer, so running the quote at two or three rates shows the range of payments the shop may face.
How each input moves the payment on a Shelby County, OH machine shop's used wire EDM
Illustration only, invented figures: a Shelby County, OH machine shop prices a used wire EDM machine at an invented $38,200. Starting from 48 months at 11.7% with nothing down, this invented table changes one input at a time. Wiring the machine's power supply is property work outside this site.
| Change | Monthly payment | Against the starting payment |
|---|---|---|
| Start: 48 months, 11.7%, no down payment | $1,000.33 | - |
| $5,000 down | $869.40 | $130.93 less |
| 60 months instead of 48 | $843.96 | $156.37 less |
| 12.7% instead of 11.7% | $1,019.13 | $18.80 more |
A longer term lowers the payment but adds interest: in this invented case the 60-month schedule carries $12,437.60 of interest against $9,815.84 over 48 months, both worked from the rounded payments.
One slip to avoid: the term box takes months. Typing 4 for a four-year term in this invented case prices the machine over 4 months, and the payment jumps to $9,783.91, far too high.
Straight-line depreciation on a Sidney, OH home builder's compact track loader, worked by hand
The calculator does not compute depreciation. Straight-line depreciation spreads a machine's cost, less what it is expected to be worth at the end, evenly over its useful life. Illustration only, invented figures: a Sidney, OH home builder's compact track loader costs an invented $54,600, with an invented useful life of seven years and an invented $8,600 salvage value. The yearly depreciation is ($54,600 - $8,600) / 7 = $6,571.43 in this invented case.
How depreciation is claimed on a tax return, including the method and the year, is for the builder's tax preparer to decide; this straight-line figure is for planning only.
A home builder sizing a loader works in a county that authorized 307 new privately owned housing units by building permit in 2025 (Census Building Permits Survey, Shelby County, OH).
Paying down the same Sidney, OH loader: loan balance against book value at each year end
Illustration only, invented figures. The builder puts $6,000 down and finances $48,600 over 60 months at 10.9% in this invented case; the payment is $1,054.26 for 59 months and $1,054.23 for the last. The table sets the loan balance against the straight-line book value from the section above.
| Year | Interest paid | Loan balance at year end | Book value at year end |
|---|---|---|---|
| 1 | $4,918.67 | $40,867.55 | $48,028.57 |
| 2 | $4,032.41 | $32,248.84 | $41,457.14 |
| 3 | $3,044.61 | $22,642.33 | $34,885.71 |
| 4 | $1,943.56 | $11,934.77 | $28,314.28 |
| 5 | $716.32 | $0.00 | $21,742.85 |
In this invented case the book value stays above the loan balance every year, and the gap widens as the balance falls. The invented interest across the five years comes to $14,655.57. The calculator shows the monthly payment for the same inputs; the yearly split is worked by hand. For how a machine loan or lease is set up, see equipment financing.
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