Food truck loan payment.

Worked example

A truck costs $80,000 and you put $16,000 down, so $64,000 is financed. At 9% a year the monthly rate is 0.75% and the term is 60 months. The payment is $1,328.53. Over 60 payments you pay $79,712.08, of which $15,712.08 is interest, 24.55% of the amount financed. With the down payment, the truck costs $95,712.08 in all.

How it works

This is a standard fixed-rate loan with equal monthly payments and interest compounding monthly: payment = P x r / (1 - (1 + r)^-n), where P is the amount financed, r is APR / 12 and n is the number of months. At a 0% rate the payment is simply P / n.

Lenders may add fees, require insurance or quote a rate that changes with your credit, and a lender's own schedule can differ by a few cents. Treat the figure as an estimate and compare it with your lender's written quote. Then check the payment against the break-even sales in the food truck profit calculator.

Sources and basis (checked 2026-10-08): Standard amortization arithmetic on your inputs only. No interest rate, term or lender is assumed. This is a planning estimate, not legal, licensing, tax or financial advice.

Everything runs in your browser. Nothing you type is sent or stored.

FAQ

How is the food truck loan payment calculated?

The calculator uses the standard equal-payment formula: the amount financed times the monthly rate, divided by one minus the monthly rate plus one raised to minus the number of months.

Does a bigger down payment help?

It reduces the amount financed, so both the monthly payment and the total interest fall. Change the down payment field to see by how much.

Are fees and insurance included?

No. Enter only the price, down payment, rate and term. Add lender fees, insurance and taxes to your own budget separately.

Where does the interest rate come from?

You enter it. The calculator does not assume or look up a rate; use the rate on your lender's written quote.