Our Team built a simple tool to help track loan amortization and repayment rates
Input your details about your farm purchase.
- We set the additional payments to equal a a portion of our profit made on the farm. By doing so we shaved off 3.5 years off the loan by repaying extra.
- We used loan rates from the USDA's 2023 Farm Service Agency that are around 5.5% HERE
- We put down half of the funds to acquire the farm
What do you think? Try it out
