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From APR to Payment

Aircraft loan calculators convert a nominal APR to a per‑period rate for your chosen payment frequency (monthly, quarterly, semi‑annual, annual). Using the amortization formula, they compute a constant payment that fully amortizes principal over n periods, optionally leaving a balloon at maturity.

The per‑period rate is i = r/m, where r is nominal APR and m is payments per year. The payment is A = P · i / (1 − (1 + i)−n). Each payment breaks into interest (current balance × i) and principal (the rest). Our calculator also accounts for financed taxes/fees and exports a schedule for analysis.

Inputs You Can Control

Workflow

  1. Enter purchase/equity details; decide whether to finance taxes/fees.
  2. Set APR, compounding, term, and frequency; add a balloon if desired.
  3. Export CSV; compare total interest and payoff date across scenarios.
  4. Stress APR ±100–200 bps; see fixed vs variable.

Examples

Monthly vs Quarterly

At the same APR/term, quarterly payments are larger and accrue more interest between payments, usually raising total interest slightly versus monthly. See Payment Frequency.

With a Balloon

A 20% balloon lowers periodic payments but adds a lump sum at maturity. Compare total interest and ensure an exit strategy; see Balloon guide.

FAQs

Why doesn’t my calculator match a lender quote exactly?

Small differences in compounding, payment convention, fees, and timing can cause discrepancies. Match compounding and cadence, and include financed fees.

How do I model variable rates?

Run Base/High/Low paths using multiple scenarios; compare total interest and payment volatility.

Can I include extra principal?

Yes—our calculator supports extra payments; export the schedule to see how the payoff date and total interest change.

External: CFPB: APR · FRED interest rates · NY Fed: SOFR

Discuss Options with Jaken Aviation