Their calculator selects a range of interest rates based on the type of aircraft a person selects and calculates a payment within that range. Because AOPA is an aircraft lender themselves, this has allowed them to incorporate actual interest rates and loan length/terms into their calculator based on the aircraft type. AOPA FinanceĪOPA Finance provides an aircraft loan calculator to their site vistors. The charts graph the loan balance, the principal and interest, and the aircraft value during the life of the loan. Lastly, don't forget to check out the charts and graphs by clicking the buttons just above the amortization table. The user can enter a purchase price and an annual depreciation rate in order project how an aircraft may depreciate over time. These numbers give the user totals in order to avoid have to scroll all the way to the bottom of the table.Īnother feature is the aircraft value column in the table. Right above the amortization table, there are 4 large numbers. In addition, the user is able to enter an extra monthly payment in the extra monthly payment field and the amortization schedule automatically updates with this information. In addition to calculating the monthly payment an entire amortization table will populate with a loan schedule dividing payments into principal and interest. This aircraft loan calculator requires the user to enter their loan amount, loan term in years, and interest rate in order to calculate their monthly payment. We may be biased, but we really like our aircraft loan calculator. Here is a list of aircraft loan calculators in no particular order: IQ Calculators - Aircraft Loan Calculator ![]() So each of these calculators are fixed interest rate calculators but they still help the person buying the aircraft estimate payments on a loan if not for the entire loan, then at least the beginning of it. That said, aircraft calculators won't be able to model a floating rate loan as that would require the calculator to know what interest rates will be in the future.and there's nobody that knows that. This is especially true if an aircraft buyer opts for a floating rate loan tied to an interest rate market like the LIBOR.these floating rate interest rates tend to be a bit lower than a fixed rate interest loan. With interest rates at all time lows, it makes sense for some to borrow the money so that their other money can earn higher rates. If you’re interested in operating costs, you’ve come to the right place.For those who are thinking of purchasing an airplane, helicopter or some other type of aircraft, it is possible that they might want to finance the purchase. This application is designed to help AOPA members complete an estimated operating cost for a broad range of aircraft by looking at each area of cost and figuring out annual and per-flight-hour expenses. While this application merely provides estimates, you can still incorporate your own research to get a more refined result by using known local fuel and oil prices, hangar/tie down fees, insurance quotes, etc.īear in mind that these are only estimates and not quotes for any product or service. Be sure to talk to your local maintenance shop to better understand what your aircraft may require. The AOPA Operating Cost Calculator gathers information about one area at a time. Some answer fields will have an average figure as a suggestion, but you must still type an answer in each field. You may skip any answer field and come back later, but an incomplete answer will prevent the Calculator from returning a result. When a field has been properly completed, the text will appear black. By entering your aircraft loan amount, loan length, and interest rate, this calculator will calculate your monthly payment for you. When a field needs attention, it will appear red. ![]() The first step is to enter your pertinent information into the data fields. ![]() This will populate the data table with your full aircraft loan amortization table so you can track your progress from month to month. You may use the sidebar, or the “Edit” function, to go back and complete (or correct) any fields as needed.
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