Chattel Mortgage Repayment Calculator
Estimate what repayments could look like on a vehicle or equipment purchase. You enter the rate, so the result only reflects the numbers you put in.
Your purchase
This calculator is a guide only and is illustrative. It is not an offer, a quote or a credit assessment.
$0
Amount financed
$0
Balloon payable at the end of the term
$0
Estimated total interest
$0
Estimated total repayments
$0
Enter your details and a rate, then select Calculate repayment.
[TODO for Finsure: comparison rate wording and warnings to go here before launch.]
What this calculator leaves out
The result is based only on the amount, term, balloon and rate you enter. It doesn't include GST, lender or establishment fees, stamp duty, insurance, rate changes or any lender assessment.
A chattel mortgage is structured around the asset, the business and the lender's policy, so the real figure can differ. How it's treated for tax is a question for your accountant.
If you want to talk through the structure, book a chat and I'll go through it with you.