Lease Fixed Rate Calculator

Enter Calculation

Asset Value:

Residual Value:

Lease Term (months):

Annual Interest Rate (%):

Down Payment:

Payment Timing: End of Period (Ordinary) Beginning of Period (Advance)

Results

Monthly Lease Payment

6,847.79

Cost Breakdown

Monthly Payment	6,847.79
Total of 6 Payments	41,086.75
Total Interest	767.82
Depreciation (Asset - Residual)	40,000.00
Total Cost of Lease	51,086.75

Amortization Schedule

Month	Payment	Principal	Interest	Balance
1	6,847.79	6,629.40	218.39	33,689.53
2	6,847.79	6,665.31	182.48	27,024.22
3	6,847.79	6,701.41	146.38	20,322.81
4	6,847.79	6,737.71	110.08	13,585.10
5	6,847.79	6,774.21	73.59	6,810.90
6	6,847.79	6,810.90	36.89	0.00