Farm Loan Payment Calculator

Use our calculator below to determine the payment details of your loan.

Check out our Farm Loan Comparison Calculator here.


Amortization Period

A loan’s AMORTIZATION period is the amount of time over which the loan’s payment is calculated.

In this industry it is common for loans to have a “split amortization”, meaning that the loan’s term and amortization periods are different (Amortization Period being greater than or equal to the Term, never less). For the borrower, this creates the benefit of lowering payments (better cash flow) and allows for additional leverage.

Loan Term

Your TERM is the length of time your loans contract is actually in effect.

-If the term is equal to the amortization; your loan will generally have been paid in full after this period of time.
 -If the amortization is greater than the term: at the end of the term, you will have the option to renew your loan based on the lower principle balance and rates offered at that time.

Final Payment

Sometimes called a “balloon payment”, this refers to the one-time payment at the end of the loan’s term.

If the amortization period exceeds the term, this represents the principal borrowed and still remaining due at the end of the loan’s term. If the amortization period and term are the same this represents your final debt payment.

Most farm and land-based transactions involve some type of loan and have the potential to be far more complicated than your typical residential counterparts. In many cases, additional options and nuances are needed to meet the unique needs of you, the borrower.

This calculator is provided by solely as an estimation tool. For an actual breakdown of your farm loan payments or for more information about farm loans and rates, contact Farm Plus Financial today!

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What People Are Saying

Could not have been more impressed with Farm Plus and our loan officer, Aaron Montgomery. Excellent communication from Aaron and his team throughout the entire loan process. I was in the real estate business for over 10 years and have dealt with numerous lenders, none of which came close to providing the level of personal service, communication and follow through offered by Aaron and Farm Plus Financial. If I were to require a Agricultural Lender in the future, my first call would be to Aaron. Could not imagine going through another lender after dealing with Farm Plus. Thanks Aaron!


THANKS for taking the time to explain all financial options & associated issues available to make my objective a reality. I am now a 4th generation farm/land owner. I was fortunate to work with associate Mike Fassel from beginning to end… great communication throughout the process. He is a great listener & always, always understanding of the clients needs. GREAT customer service !! I would highly recommend (and have) Farm Plus Financial for its professionalism, services, & great rates. 5 stars to all of the Farm Plus Financial Team !!






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