Aircraft Loan Calculator

An aircraft note is often written over fifteen or twenty years with the balance falling due long before that, so this gives the payment, the balloon and how much has been repaid by the time it arrives. Enter the price, the money down, the rate, the amortisation and the year the balloon is due, or leave that at zero for an ordinary loan. The second tab takes that payment and adds insurance, the hangar, the annual inspection, fuel burn and the hourly reserves, then divides by the hours you fly to get a cost per flight hour. It also shows the same figure with the loan taken out and what fifty more hours a year would do to it, because an hourly cost means nothing without the hours behind it.

Calculator Type

Aircraft notes are commonly written over fifteen or twenty years with the balance falling due earlier. Set the balloon year to zero for an ordinary fully amortised loan.

Aircraft Price ($) *

Down Payment ($)

Aircraft lenders commonly want 15 to 20 percent down, more on an older airframe.

Annual Interest Rate (%) *

Amortisation (years) *

The schedule the payment is worked out on, which is not always the year the loan ends.

Balloon Due After (years)

Zero means no balloon: the loan runs the full amortisation.

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Fuel Measured In

US gallons Litres

The loan payment, the bills that arrive whether you fly or not, and the costs that only accrue in the air, divided over the hours you actually fly.

Monthly Loan Payment ($)

Take this from the financing tab. Enter zero if the aircraft is owned outright.

Insurance per Year ($)

Hangar or Tie-Down per Year ($)

Annual Inspection per Year ($)

Other Fixed Costs per Year ($)

Database subscriptions, registration, club or association fees, anything else billed by the year.

Fuel Burn per Hour *

Fuel Price ($ per Unit) *

Per gallon or per litre, matching the box below.

Maintenance Reserve ($ per hour)

Engine Overhaul Reserve ($ per hour)

Overhaul cost divided by the hours between overhauls, put aside every hour.

Hours Flown per Year *

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