Aircraft Loan Calculator
Get accurate estimates for your aircraft financing. See monthly payments, interest costs, and total loan amount.
Professional Aircraft Loan Calculator
Comprehensive Loan Analysis
Monthly Principal & Interest
$4,542
Plus PMI & Taxes
Total Interest Paid
$145,030
Paid to Lender
Total Cost of Financing
$555,530
Fully Amortized
Monthly Payment Breakdown
Loan Summary
Key Assumptions:
- • Fixed-rate loan with no prepayment penalties
- • PMI applied when LTV > 70% (cancellable after 2 years)
- • Illinois property taxes estimated at your specified rate
- • No additional fees beyond origination and PMI costs
How to Use This Calculator
Enter Aircraft Price
Use the slider to select the purchase price of the aircraft. Adjust between $100,000 and $5,000,000.
Select Interest Rate
Choose your expected interest rate (typically 2%-10%). Rates depend on credit score, down payment, and market conditions.
Set Loan Term
Select your desired loan length (3-20 years). Longer terms mean lower payments but more total interest.
⚠️ Important Notes
- Down Payment: This calculator assumes you're financing the full purchase price. Most lenders require 10-25% down.
- Not Included: This estimate does not include insurance, maintenance, hangar fees, fuel, or other operating costs.
- Interest Rates: Your actual rate will depend on credit score, down payment, aircraft type, and market conditions.
- Estimates Only: These calculations are for informational purposes. Get quotes from actual lenders for accurate terms.
Understanding Your Results
Monthly Payment
This is what you'll pay each month to the lender. A lower rate or longer term reduces this amount, but increases total interest paid.
Total Interest Paid
The total amount of interest you'll pay over the life of the loan. A longer term or higher rate increases this amount significantly.
Total Amount Paid
The sum of the principal (aircraft price) plus all interest. This is the total cost of borrowing money to purchase the aircraft.
Ready to Get Approved?
Use this calculator to estimate your payments, then get matched with real lenders offering competitive aircraft financing rates.
Get Your Quote NowCalculator FAQs
What interest rate should I use?▼
Average aircraft loan rates are currently 4-7%, depending on credit score and down payment. Use 6.5% as a reasonable estimate. Excellent credit (750+) might qualify for 4-5%, while lower credit scores might face 7-8%+. Get actual quotes to see your rate.
How does down payment affect my payment?▼
This calculator shows financing the full price. For example, on a $500K aircraft with 20% down ($100K), you'd only loan $400K. This reduces your monthly payment proportionally. Larger down payments also typically get lower interest rates from lenders.
Why do longer loan terms cost more total?▼
With a longer loan term, you're paying interest for more years. For example, a $500K loan at 6% costs $89K in interest over 5 years, but $720K over 20 years. However, monthly payments are lower with longer terms, which can be important for cash flow.
What about balloon payments?▼
This calculator assumes standard amortizing loans where you pay down the balance over the term. Some aircraft loans have balloon payments (large lump sum at end). Contact lenders for specific options. Balloon payments lower monthly payments but require cash at the end.
Is this calculator accurate?▼
The calculator uses standard amortization formulas and provides accurate estimates based on your inputs. However, actual payments may vary based on loan details, fees, insurance requirements, and lender-specific terms. Always get a quote from lenders for final numbers.